Key Investment Insights
1. Asking price $3,365,000 inclusive of manager’s real estate, with manager’s residence valued at $1,110,000.
2. Strong reported net profit $453,620, implying approximately a 13.5% net return on the asking price.
3. High guaranteed remuneration, body corporate salary over $279,000, indexed to CPI for future growth.
4. Manager’s residence is a spacious free‑standing 4 bedroom, 2 bathroom home on a 760m² block, with double garage, air conditioning, large outdoor entertaining area, and room for a boat or caravan.
5. Manager’s office is on title and manager’s apartment is included in the sale, supporting on‑site operational control.
6. No set office hours required, rents paid electronically, enabling flexible work hours and reduced on‑site administrative overhead.
7. Gardening equipment included in the sale, financials provide for $20,000 in part‑time gardening wages, reducing immediate capex and labour sourcing.
8. Large permanent complex of 131 units, with 56 in the letting pool and 68 owner‑occupied, providing scale and diversified income streams.
9. Extensive resident facilities including pool, spa, gym, BBQ area and function facilities, enhancing letting appeal and resident satisfaction.
10. Prime Tweed Heads location in a high‑demand rental area, close to shops, schools and clubs, and only 10 minutes to Gold Coast Airport, supporting strong occupancy prospects.
11. Property and operational setup well suited to couples or families, offering a lifestyle business with substantial income and on‑site residential accommodation.
Management Rights Multiplier: 4.97
ROI Estimate: 20.12%
