Key Investment Insights
1. 3 storey walk up complex with 72 apartments
2. 24 apartments in the letting pool, with a mix of short term and permanent rentals
3. Agreements recently topped up to 10 years
4. Body Corporate salary of $130,000
5. Amenities include a heated pool, spa, BBQ area, and secure parking
6. Complex has recently been painted and has new Wi-Fi throughout
7. Sinking fund balance of over $677,000
8. Recently refurbished 3 bed, 2 bath manager's residence with uninterrupted water views
9. Office attached on title
10. Located in Currumbin, a popular tourist destination on the southern end of the Gold Coast
11. Just a 15 minute walk to the patrolled beach
12. Easy access to the Airport, M1 Motorway, Currumbin Wildlife Sanctuary, and the Tweed Coast
13. Net profit of $215,125
14. Asking price of $1,855,000 (inclusive of manager's real estate)
15. Opportunity for further growth and development in the popular Gold Coast market.
Management Rights Multiplier: 4.00
ROI Estimate: 25.01%