Key Investment Insights
1. Modern hi-rise building with permanent rentals
2. Convenient location within walking distance to Queen St mall
3. Spacious 3 bedroom, 2 bathroom, 2 car space manager's apartment
4. Small garden and minimal outside work required
5. Plenty of storage space available
6. Friendly body corporate committee
7. Net profit of $179,162 and remuneration/body corp salary of $83,161
8. Manager's apartment valued at $655,000
9. Complex is a permanent type with 51 units, 27 in the letting pool and 20 owner-occupied
10. Agreement term remaining for 19 years.
Management Rights Multiplier: 5.19
ROI Estimate: 19.26%