Key Investment Insights
1. Prime coastal location with direct ocean views
2. High net profit of over $298,000
3. Solid BC salary of $61,700
4. Long remaining agreements of 20 years
5. Two-bedroom, two-bathroom, two-car manager's residence included
6. Potential for growth through R&M and increasing letting pool
7. Lifestyle flexibility with no set office hours
8. Consistent performing business
9. High demand growth area
10. Excellent Body Corporate rapport and support
11. Total price of $1.645 million, including MR and unit
12. Manager's unit valued at $650,000
13. 22 out of 42 units in the letting pool
14. 20 owner-occupied units
15. 25-year agreement term with 22 years remaining.
Management Rights Multiplier: 3.33
ROI Estimate: 30.00%