Key Investment Insights
1. Ideal starter opportunity for first time manager, semi-retirees or those looking to bolt on to an existing business.
2. Part-time workload makes it easy to manage.
3. Long term agreement with 23 years remaining provides stability and security.
4. Perfect location with close proximity to amenities and top school catchment.
5. Additional dedicated parking for manager's unit.
6. Includes a home office and storage area for added convenience.
7. Offered at a competitive price of over $1 million.
8. Net profit of $84,936 and remuneration/body corp salary of $55,108.
9. Body corp salary review is CPI annually.
10. Manager's apartment valued at $720,000 and includes 3 bedrooms, 2 bathrooms, and 3 car spaces.
11. Complex is a permanent type with 34 units in total and 9 in the letting pool.
12. Agreement module is accommodation with a 25-year term and 23 years remaining.
13. Complex amenities include a pool and BBQ area.
Management Rights Multiplier: 9.18
ROI Estimate: 10.89%
