Key Investment Insights
1. Two adjoining permanent complexes with one body corporate, offering potential for a smart manager.
2. Located in the heart of Carrara, close to schools, restaurants, shopping precincts, and major access routes.
3. Spacious and comfortable 3 bedroom, 2 bathroom manager's townhouse over 2 levels.
4. Separate laundry, spacious kitchen, large lounge area leading out to a courtyard.
5. Adjoining yet separate "On Title" reception/office.
6. One secure parking bay.
7. Net profit of $204,900 and remuneration/body corp salary of $177,100.
8. Value of manager's apartment is $380,000.
9. Complex type is permanent with a total of 124 units.
10. 68 units are owner-occupied and 35 units are managed by outside agents.
11. Complex features a BBQ area.
Management Rights Multiplier: 4.59
ROI Estimate: 21.80%