Key Investment Insights
1. Prime location just 100 meters from the Broadwater, with easy access to walking trails, dining, and entertainment options.
2. Located in the vibrant and popular suburb of Labrador, close to major shopping centers, top educational institutions, and coastal attractions.
3. 28-unit complex with 6 units in the letting pool, offering a low-maintenance and easy-to-manage property.
4. Potential to increase annual net income by managing the 10 units currently managed by external agents.
5. Manager's unit is a cozy 2-bedroom, 1-bathroom apartment with a private covered courtyard, allowing for a flexible lifestyle.
6. Additional features include a spacious office, separate storage, and secure underground parking for all units.
7. Positive relationship with the body corporate and long-term residents contribute to a stable and well-maintained community.
8. Offered at a total price of $670,000, with a net profit of $61,000 and a remuneration/body corp salary of $45,000.
9. Permanent complex with a 25-year agreement term, with 23 years remaining.
10. Listed by Ras360, specialists in management rights, motels, hotels, pubs, and parks.
Management Rights Multiplier: 1.97
ROI Estimate: 50.83%