Key Investment Insights
1. Excellent location close to the CBD and general facilities.
2. Secure gated community with two and three bedroom apartments.
3. Well-presented two bedroom, two bathroom Manager's Apartment.
4. Top agreements with almost 20 years remaining and a high salary of $66,000 excl. GST.
5. High demand rental property with a top occupancy rate, assured to continue with low vacancy rates in Cairns.
6. Consistent trading figures with no downturn during the Covid period.
7. Good relationship with the Body Corporate committee.
8. Pet-friendly with Body Corporate approval.
9. Easily run by one person for property management.
10. Manager's Unit valued at $255,000 with 2 bedrooms, 2 bathrooms, and 1 car space.
11. Permanent complex with 34 units, 15 of which are in the letting pool.
12. Agreement module is Accommodation with a term of 25 years and 19 years remaining.
13. Amenities include a pool, BBQ area, and WIFI.
Management Rights Multiplier: 4.44
ROI Estimate: 22.52%