Key Investment Insights
AI generated. Confirm details with the seller.
1. Business-only sale of established management and letting rights in Woolloongabba, no manager’s residence or office to buy, reducing capital required to acquire the business.
2. Accountant-verified nett operating profit of $428,704 per annum, indicating strong, audited cashflow.
3. Additional body corporate caretaking salary of approximately $137,660 per annum, providing a separate, predictable income stream.
4. Large portfolio scale, 93 total lots in the complex, supporting operational efficiencies and revenue diversity.
5. Substantial letting pool of 62 lots within the building, representing a significant source of recurring rental income.
6. 14 extra outside rentals contributing incremental revenue and portfolio flexibility.
7. Approximately 20 years remaining on the caretaking and letting agreements, offering long-term contract security and income visibility.
8. Inner-city Woolloongabba location in Brisbane, implying strong tenant demand and accessibility to urban amenities.
9. Long-established operation, suggesting existing processes, tenant base and reputation in the market.
10. Originally developed by HG Developments, which may support building quality and desirability.
11. Combination of permanent rentals and caretaking income creates diversified revenue streams, lowering reliance on a single income source.
12. Vendor offers an information memorandum on request, enabling prospective buyers to perform detailed due diligence.
