Key Investment Insights
1. Neat complex located right on the water's edge, making it an attractive location for potential buyers.
2. Close proximity to shops and restaurants, making it convenient for guests and owners.
3. Suitable for first-time operators, making it a good opportunity for those looking to enter the management rights industry.
4. Exclusive use office with waterfront views, providing a unique and desirable feature for the managers.
5. Two bedroom managers unit with water views, adding to the appeal and potential for a comfortable living space.
6. Long agreements in place, providing stability and security for the managers.
7. Easy care grounds, reducing the workload and maintenance for the managers.
8. Enviable waterfront location, making it a highly sought-after complex for holidaymakers.
9. Good financial performance with a net profit of $110,703, providing a solid income for the managers.
10. Reasonable remuneration/body corporate salary of $26,104, allowing for a good return on investment.
11. Regular CPI annual review for the body corporate salary, ensuring potential for growth and increased income.
12. Manager's apartment valued at $440,000, providing a good opportunity for capital gains in the future.
13. Pet-friendly complex, appealing to a wider range of potential buyers and guests.
14. Holiday complex type with 10 units in the letting pool, providing potential for high occupancy rates and income.
15. Long agreement term of 25 years with 19 years remaining, providing long-term security for the managers.
16. On-site facilities such as a pool and BBQ area, adding to the attractiveness of the complex for guests.
Management Rights Multiplier: 1.90
ROI Estimate: 52.72%
