Key Investment Insights
1. Motivated vendor looking to sell quickly
2. Prime location with easy access to amenities
3. Manageable caretaking duties, no need for extensive maintenance
4. Suitable for one operator, semi-retired individual, or first time manager
5. Stable income with majority of net income coming from body corporate salary
6. High rental demand with potential for growth in lettings and property sales
7. Neat and well-established complex
8. Located within Mansfield State School catchment area
9. Expression of Interest sale price
10. Net profit of $69,486
11. Remuneration/Body Corp Salary of $47,235
12. Annual CPI review for body corporate salary
13. Manager's unit valued at $750,000
14. 3 bedrooms, 2 bathrooms, and 2 car spaces in manager's unit
15. Office included on title
16. Complex type is permanent
17. 40 total units in complex
18. 9 units in letting pool
19. Agreement module is accommodation
20. Agreement term is 25 years with 18 years remaining
21. Complex includes a pool.
Management Rights Multiplier: 5.04
ROI Estimate: 19.85%
