Key Investment Insights
1. Highly sought-after inner city suburb with high rental demand by young professionals and families.
2. Close proximity to all amenities.
3. BC remuneration over 65% of the net income.
4. Luxury apartments building with river view and boat jetty.
5. Gardening, cleaning, and pool maintenance are not onsite manager's job, reducing workload for manager.
6. Manager only required to supervise body corporate contractor.
7. Low multiplier, indicating a good value for potential buyers.
8. Agreement of standard module, providing stability and consistency for the business.
9. Managers unit valued at $850,000 with 2 bedrooms, 2 bathrooms, and 3 car spaces.
10. Complex has 105 units with 21 in the letting pool, all of which are permanent units.
11. Agreement term remaining is 10 years, providing a long-term investment opportunity.
12. Complex amenities include an indoor pool and gym.
Management Rights Multiplier: 4.01
ROI Estimate: 24.93%