Key Investment Insights
- Strong and stable BC salary with annual increase of 3% minimum and 20 years remaining on the agreement.
- The property is well presented and modern, making it attractive to potential tenants.
- Good net income of $105k, providing a solid return on investment.
- The managers residence is a spacious and well-maintained 3 bedroom townhouse with a private courtyard and double lock up garage.
- The complex has over 500m2 of exclusive use storage areas for the managers use, providing additional income.
- The complex is a mix of permanent and owner-occupied units, providing a stable and diverse tenant base.
- The agreement module is accommodation, providing flexibility for the manager to live on-site and rent out the managers unit if desired.
- The property is an ideal work from home opportunity for a couple or could be run by one person, providing flexibility and potential for a work-life balance.
- The complex is in a prime location, close to the Kawana Hospital precinct and only 5 minutes from the beach, with easy access to major roadways, schools, and shopping.
- The body corporate pays for external hedge maintenance, reducing the workload for the manager.
- Additional income is generated from private garden maintenance and renting of storage areas, providing potential for further growth.
- The property is priced to sell, making it an attractive investment opportunity.
Management Rights Multiplier: 4.19
ROI Estimate: 23.86%