Key Investment Insights
1. Rare opportunity to acquire two established permanent residential management rights businesses, with a combined total of 185 townhouses and 77 permanent rentals under management.
2. Strong combined net profit of approximately $570,089 per annum, supported by a generous Body Corporate salary of $350,372, indexed to CPI.
3. Long-term standard module caretaking and letting agreements provide stability and minimal workload for the incoming operator.
4. Impressive manager's residence, a rare freestanding four-bedroom, two-bathroom home with a double garage, private yard, and on-title office.
5. No requirement to live on-site, providing the option to reside in comfort or generate additional rental income from the property.
6. Well-maintained facilities, including a swimming pool, gym, sauna, BBQ area, and function room, for residents to enjoy.
7. Strong mix of owner-occupiers and long-term tenants, ensuring ongoing demand and a stable letting pool.
8. Highly sought-after location in Tweed Heads South, just 10 minutes from the Southern Gold Coast and Gold Coast Airport.
9. Freedom to tailor operations to suit the lifestyle of the incoming owner.
10. Total sale price of $3.71M, including $2.61M for the management rights and $1.10M for the unit.
Management Rights Multiplier: 4.58
ROI Estimate: 21.84%