Key Investment Insights
1. Modern hi-rise building with permanent rentals
2. Located within minutes of Queen St mall
3. Roomy 3 bedroom, 2 bathroom, 2 car space manager's apartment with large office
4. Small garden and minimal outside work required
5. Plenty of storage space
6. Friendly body corporate committee
7. Strong net profit of $179,162
8. Generous remuneration/body corporate salary of $83,161
9. Valued at $655,000
10. Complex consists of 51 units, with 27 in the letting pool and 27 holiday units
11. 20 owner-occupied units
12. Long agreement term remaining of 19 years.
Management Rights Multiplier: 5.19
ROI Estimate: 19.26%