Key Investment Insights
1. Priced well below market for a quick sale, presenting immediate upside for a decisive purchaser.
2. Total ask $1.75M, comprising $762K management rights and a $990K managers apartment.
3. Net profit $166,540, with Body Corporate remuneration/salary of $92,525.
4. Managers apartment valued at $990,000, three bedrooms, two bathrooms, two car spaces.
5. Long‑dated agreements, 25‑year term with 23 years remaining on the Accommodation Module.
6. Agreements were just topped up with overwhelming and enthusiastic support from the Body Corporate, indicating strong committee relations.
7. 57‑unit permanent complex, providing scale while remaining manageable.
8. Letting pool of 12 units, 39 owner‑occupied units, and six outside agent units, implying stable owner occupancy and limited external competition.
9. Low‑maintenance facilities limited to a simple pool and BBQ area, reducing operational burden.
10. Flexible operating model with no set office hours and the option to appoint a nominee and live offsite for work‑life balance.
11. Bayside Wakerley location, minutes from Moreton Bay, Manly Harbour Village and parklands, enhancing resident appeal.
12. Located in a highly sought school catchment, supporting strong and consistent rental demand year‑round.
Management Rights Multiplier: 4.58
ROI Estimate: 9.50%
