Key Investment Insights
1. Bluechip Teneriffe riverfront location, direct riverfront access and riverwalk connectivity to New Farm Park, Howard Smith Wharves, CBD, and ferry terminal, supporting strong rental demand and capital growth.
2. High verified body corporate salary of $269,141 per annum, representing over 77% of the stated verified net profit.
3. Verified net profit reported in the description of $349,471 per annum, excluding outside rentals and the manager’s unit.
4. Additional net profit figure shown in the business snapshot of $2,795,000, indicating material financial information included in the listing.
5. Strong upside from rental mix, with 160 total units, 26 in the letting pool, 32 self-managed lockup Airbnb units, 49 with outside agents, and 53 owner occupied units.
6. Long agreement security, agreements run until June 2047, consistent with a 25 year term and approximately 22 years remaining.
7. Manager’s residence is dual-title, comprising a three bedroom apartment, one bathroom, two secure carparks, and an office on title, offering flexibility to live onsite or lease for additional income.
8. Manager’s apartment value listed at $925,000, providing significant asset value included in the offering.
9. Low operational burden, no office hours requirement, no requirement to live onsite, and light caretaking duties limited to pool, BBQ area, and grounds, supporting lifestyle flexibility.
10. Attractive investment metrics, with a reported 20.2% ROI on the business component and a below‑market multiplier of 5.35x
Management Rights Multiplier: 0.67
ROI Estimate: 100.00%
