Key Investment Insights
1. Combined net profit $570,089 per annum, indicating strong cashflow for the dual-complex operation.
2. Asking price $3,760,000, implying an acquisition multiple and investment scale for buyer analysis.
3. Remuneration / body corporate salary $350,372, representing a significant component of owner income.
4. Dual-complex structure managed as one business, delivering operational synergies and reduced overheads.
5. Only one manager’s residence required for both complexes, lowering capital outlay compared with typical multi-complex setups.
6. Manager’s residence valued at $1,110,000, a free‑standing 4‑bedroom, 2‑bath home on a 760m² block with double lock‑up garage, enclosed yard, outdoor entertaining area, pet friendly, and room for boat or caravan.
7. Letting pool of 72 units within a total of 185 units, with 103 owner-occupied and 9 outside agent units, suggesting stability and room for growth in the rental pool.
8. On-site amenities include pool, spa, gym, BBQ area and function facilities, enhancing tenant appeal and retention.
9. Includes $20,000 in part-time gardener expenses, reducing day-to-day operational burden on the manager.
10. No set office hours and established systems in place, offering lifestyle flexibility and suitability for first-time or experienced operators.
11. Prime Tweed Heads location on the NSW/QLD border, close to shopping centres, clubs, schools, beaches and Gold Coast Airport, supporting high rental demand and steady occupancy.
12. Motivated vendor and advertised as priced to sell, presenting a timely acquisition opportunity.
Management Rights Multiplier: 4.65
ROI Estimate: 21.51%