Key Investment Insights
1. Stunning views from large balconies overlooking the Story Bridge and Brisbane River.
2. Exclusive residential complex with 5-star equivalent facilities.
3. Fantastic location with easy access to major arterial roads and trendy areas.
4. Modern and spacious ground floor manager's apartment with two bedrooms, two bathrooms, and attached office space.
5. Supportive body corporate and 24 years remaining on management agreements.
6. Experienced team in place for many years.
7. Net profit of $502,500 and remuneration/body corp salary of $328,000.
8. Manager's unit valued at $740,000.
9. Complex information includes 183 units, 89 units in the letting pool, and 79 owner-occupied units.
10. Agreement module is Accommodation with a term remaining of 24 years.
11. On-site amenities include a pool, spa, sauna, gym, games room, BBQ area, and function facilities.
Management Rights Multiplier: 5.97
ROI Estimate: 16.75%