Key Investment Insights
1. Exciting and modern gated community in Cairns with a total of 111 apartments and villas.
2. Completed and opened in 2006, with top quality units and extensive facilities.
3. Located in the sought after Northern Beaches, only 15 minutes from Cairns CBD.
4. Manager's three bedroom/two bathroom villa with quality fittings and large office.
5. Good remuneration of $101k including salary with CPI increases.
6. Mix of 6 month and 12 month leases, with low vacancy rates and rising rental rates in Cairns.
7. Excellent opportunity to enter the industry with a well-established business.
8. Manager's unit valued at $400,000, with 3 bedrooms, 2 bathrooms, and 1 car space.
9. Complex type is permanent, with 84 units in the letting pool and 20 owner-occupied units.
10. Agreement module is accommodation with a 20-year term remaining.
11. Complex features include a pool, gym, and tennis court.
Management Rights Multiplier: 4.29
ROI Estimate: 23.32%