Key Investment Insights
1. Net profit of $144,899 with potential for growth.
2. Exclusive use of manager's office on title.
3. No requirement to reside on-site.
4. No fixed office hours.
5. 8 units in the permanent letting pool.
6. Low maintenance facilities.
7. High-quality mid-rise building with minimal facilities.
8. Strong demand for permanent waterfront rentals in the area.
9. Low turnover and minimal vacancy rates.
10. 2 Bedroom and separate office included.
11. Manager's apartment valued at $795,000.
12. 25-year agreement with 23 years remaining.
13. Prime location in the heart of a popular holiday destination.
14. Opportunity for a pro-active manager to increase profits.
15. Potential for additional income through outside agent units.
16. Lockup units included in the complex.
17. Potential for growth in the permanent rental market.
18. No requirement to own or reside on-site.
19. Opportunity to live off-site and manage the property remotely.
20. Strong potential for a successful and profitable management rights business.
Management Rights Multiplier: 4.52
ROI Estimate: 22.12%