Key Investment Insights
- Consists of two low-maintenance complexes located 20 minutes apart
- Stable income with body corporate salary making up ~84% of net profit
- Minimal upkeep required, no pools and minimal garden maintenance
- Opportunity to expand the letting pool with 24 units currently managed by outside agents
- Flexible living arrangements with a rented manager's residence generating additional income
- Prime locations with tenant appeal, including proximity to parks and essential amenities
- Spacious standalone manager's residences with modern design and functional layouts
- Well-established and easily manageable business with potential for growth.
Management Rights Multiplier: 4.80
ROI Estimate: 20.83%