Key Investment Insights
1. No real estate licence required for caretaking role.
2. 28 villas and a pool with a Body Corporate salary of $82,000.
3. Potential for increased profit if a letting business is re-established.
4. Convenient location near popular attractions and amenities.
5. Includes a large, comfortable 4 bedroom manager's villa with fully fenced backyard.
6. Straightforward, profitable, and easily managed business.
7. Opportunity to rent out the manager's villa if not living on site.
8. Annual CPI review for Body Corporate salary.
9. Manager's villa valued at $399,000.
10. 4 bedrooms and a large fully fenced backyard in the manager's villa.
11. Permanent complex with 28 units.
12. 10 owner-occupied units and 17 units managed by an outside agent.
13. Accommodation agreement module with a remaining term of 22 years.
14. Amenities include a pool and pay TV.
Management Rights Multiplier: 5.00
ROI Estimate: 20.00%