Key Investment Insights
1. Rare opportunity to acquire a modern and manageable permanent letting business in a sought-after location close to a popular beach.
2. High occupancy rate of close to 100% since opening, with a continuing demand for 3 bedroom family apartments.
3. Well-designed complex with established trees and nearby streams, providing an appealing outlook and maximum privacy for occupants.
4. Tastefully appointed apartments with spacious three bedroom accommodation, appealing to families, professionals, and those in need of a spare room.
5. Thoughtfully landscaped grounds and well-maintained common areas.
6. Manager's apartment is one of the better three bedroom apartments available, with a private garden and spacious office on title.
7. Option to live off-site for those seeking a more hands-off management approach.
8. Ideal for those looking for a sound business with excellent living arrangements.
9. Net profit of $108,000 and remuneration/body corp salary of $101,381.
10. Manager's apartment valued at $440,000, with 3 bedrooms, 2 bathrooms, and 1 car space.
11. Complex information includes 46 total units, with 9 in the letting pool, 28 owner-occupied units, and 8 outside agent units.
12. Accommodation agreement module with a remaining term of 20 years.
13. On-site pool for residents to enjoy.
Management Rights Multiplier: 3.29
ROI Estimate: 30.42%