Key Investment Insights
1. Significant potential for increased income through managing more properties within the complex.
2. Desirable location near major shopping center and highway.
3. Free standing 3 bedroom, 4 car manager's residence included in sale.
4. Healthy body corporate salary with annual CPI increases.
5. Opportunity for an experienced operator to improve and grow the business.
6. Complex consists of 92 units, with 19 currently in the letting pool.
7. Permanent complex with 19 permanent units and 48 owner-occupied units.
8. 24 outside agent units provide potential for growth.
9. Accommodation agreement module with 18 years remaining.
10. On-site amenities including pool, BBQ area, and function facilities.
11. Private yard and 4 car spaces included with manager's residence.
12. Pets allowed on the property.
Management Rights Multiplier: 4.88
ROI Estimate: 20.50%