Key Investment Insights
1. Prime location in a popular and iconic building on Main Beach
2. Stunning views of both the beach and river
3. Well-maintained and in excellent condition
4. Recently painted with renovated lifts and foyer
5. Generous salary of $124,000 with annual minimum increases of 3.5%
6. Long agreements in place
7. Manager's apartment with 3 bedrooms, 2 bathrooms, and ocean and river views
8. Complex includes 44 units, with 15 in the letting pool and 12 owner-occupied
9. Facilities include pool, spa, sauna, tennis court, BBQ area, pay TV, and WIFI
10. Marina berth available for boat mooring
11. Suitable for a holiday complex with a 3.5 star rating
12. Agreement module is accommodation with a remaining term of 22 years.
Management Rights Multiplier: 5.29
ROI Estimate: 18.90%