Key Investment Insights
1. Exceptional opportunity in highly desirable suburb of Bulimba
2. Reduced price with low multiplier, making it a great investment opportunity
3. Strategic location close to city and urban amenities
4. Potential for high rental income in upmarket rental market
5. Long-term management agreement with 21 years remaining
6. Flexibility in accommodation options, including potential for extra rental income
7. Large exclusive use store room and caretaker room
8. Nett profit of $257,367 and total price of $1.977M
9. Manager's unit valued at $690,000 with 1 bedroom, 1 bathroom, and 1 car space
10. Permanent complex with 93 units, 33 in the letting pool, and 56 owner-occupied units
11. Outside agent units and agreement term of 25 years with 20 years remaining.
Management Rights Multiplier: 5.00
ROI Estimate: 20.00%