Key Investment Insights
1. The complex is located in a highly desirable and convenient location, close to popular tourist attractions and amenities.
2. The island maintains a relaxed and peaceful atmosphere, making it an attractive place to live.
3. The complex is small, with only 20 units, making it manageable for a single manager or couple.
4. The manager's unit is well-maintained and has been recently refurbished.
5. The manager is only required to be contactable during caretaking hours, allowing for a flexible lifestyle.
6. A letting agreement is available for activation, providing additional income potential for the manager.
7. The net profit for the complex is $27,000, with a remuneration/Body Corp salary of $30,000.
8. The value of the manager's apartment is $235,000, providing a comfortable living space for the manager.
9. The office is included on title, providing a designated workspace for the manager.
10. The complex is a permanent complex, providing a stable and consistent income for the manager.
Management Rights Multiplier: 2.96
ROI Estimate: 33.75%