Key Investment Insights
1. Brand-new 25-year accommodation module agreements with 25 years remaining, recently topped up with strong committee support, providing long-term certainty.
2. Exceptional Body Corporate salary of $113,185, equating to $2,830 per lot, noted as among the highest in Brisbane.
3. Verified net profit above $123,000, business snapshot showing $127,277, indicating strong profitability.
4. Sinking fund in excess of $250,000, supporting capital works and financial resilience.
5. Compact 40-unit complex with only 10 units in the letting pool, 29 owner-occupied units and one outside-agent unit, meaning income is heavily salary-weighted and not reliant on rentals.
6. Current manager works only three days per week and all gardening is contractor-managed, indicating low operational workload and easy transition.
7. Manager’s unit is a well-kept 2-bedroom, 1-bathroom apartment valued at $700,000 with two car spaces, currently rented to the same long-term tenant for over 10 years, providing steady passive rental income and flexibility not to live onsite.
8. Prime Tingalpa location with quick access to the Gateway Motorway, Brisbane CBD, Airport, Port of Brisbane, Wynnum and Manly, plus proximity to Westfield Carindale, schools and shops, enhancing tenant appeal and convenience.
9. Sale packaged at $1,300,000 for the business plus manager’s unit, offering combined income and asset ownership in a single transaction.
10. Income structure delivers dependable returns through high salary rather than reliance on the letting pool, reducing exposure to vacancy and rental market fluctuations.
Management Rights Multiplier: 4.71
ROI Estimate: 21.21%
