Key Investment Insights
AI generated. Confirm details with the seller.
1. Caretaking only opportunity with no letting required and no real estate licence necessary.
2. Net profit of $85,000, with $94,000 remuneration or body corporate salary stated.
3. Includes a spacious three bedroom, two bathroom manager’s townhouse valued at $825,000 or more.
4. Manager’s residence provides two living areas, study, attached office, double garage and undercover alfresco area.
5. Caretaking duties are clearly defined, covering grounds, pool, BBQ area, general maintenance and trade liaison.
6. Located in a gated Hervey Bay complex within minutes of shops, club and waterfront facilities.
7. Complex includes 46 units, a large pool and BBQ area, with a 25 year agreement and 16 years remaining.
8. Home based operation and included office support practical separation between business administration and private living.
Management Rights Multiplier: 1.18
ROI Estimate: 9.19%