Key Investment Insights
1. Stunning, absolute riverfront location with Brisbane city views.
2. Vibrant up-market precinct offering excellent lifestyle options.
3. Brand new 25 year management agreements.
4. Handsome salary of $179,000.
5. Near new two bedroom manager's apartment.
6. Extremely profitable business.
7. Net profit of $355,000.
8. Body corp salary review is a fixed percentage.
9. Manager's apartment valued at $650,000.
10. 162 total units in complex.
11. 70 units in the letting pool.
12. 77 owner-occupied units.
13. 14 outside agent units.
14. 1 manager unit.
15. Accommodation agreement module.
16. 25 years remaining on agreement term.
17. Amenities include pool, gym, BBQ area, and pay TV.
Management Rights Multiplier: 5.78
ROI Estimate: 17.30%