Key Investment Insights
- Opportunity for a work/life balance with only 16 hours of work per week
- Potential for a monthly income of $7,000 or more
- Located in a beautiful bayside location with easy access to all amenities
- Long-term income potential with a solid 25-year agreement in place
- Low maintenance property with a single level villa and secure gated community
- Manager's residence included in the sale price
- Net profit of $89,284 per year
- Additional remuneration/body corporate salary of $81,400 per year
- Three-bedroom manager's apartment with built-in robes, air conditioning, and outdoor entertainment area
- Complex consists of 42 units with 11 in the letting pool and 27 owner-occupied units
- Accommodation agreement with 25 years remaining
- On-site pool for residents' use.
Management Rights Multiplier: 4.14
ROI Estimate: 24.13%