Key Investment Insights
1. Net profit $120,038, with a large portion from a stable Body Corporate salary of $89,832 plus GST, indexed annually by CPI.
2. 25-year permanent management rights agreement, with 20 years remaining, providing long-term contract security.
3. Simple letting pool structure, 11 permanent onsite units, 2 external properties, and 4 units managed externally, easing operational complexity.
4. Ideal couple-operated model, allowing one partner to manage onsite operations while the other maintains an offsite income.
5. Supportive, small Body Corporate committee of two members, enabling streamlined decision-making and communication.
6. All tools and equipment supplied by the Body Corporate, reducing capital outlay and operational overhead.
7. Flexible schedule with no set office hours required, supporting work–life balance and remote arrangements.
8. Modern managers’ residence valued at $498,000, 2 bedrooms, 1 bathroom, 1 car space, fully air-conditioned and recently renovated.
9. Additional on-title 15 sqm air-conditioned office plus 15 sqm storage, offering dedicated workspace and secure storage.
10. Growth potential highlighted, with opportunities to increase current income beyond the stable base.
11. Asking price $1,358,000 inclusive of manager’s real estate, business value listed at $498,000.
12. Prime Gold Coast setting in a leafy, peaceful community, with complex amenities including pool and BBQ area.
Management Rights Multiplier: 7.16
ROI Estimate: 8.84%