Key Investment Insights
1. Permanent beachside complex with 51 total units and 13 owner-occupied units.
2. Facilities include an outdoor pool and spa, indoor heated pool, well-equipped gym, and more.
3. Immaculate 2 bedroom, 2 bathroom manager's apartment with study that can be converted into a third bedroom.
4. Modern fully equipped kitchen with quality stone counters and stainless appliances.
5. Potential to increase net profit.
6. Manager's unit valued at $975,000.
7. Office on title.
8. Complex type is permanent.
9. Complex offers a lifestyle and potential for growth.
10. Must-see complex.
11. Net profit of $188,200 and remuneration/body corp salary of $134,000.
12. Elegant and luxurious complex.
13. Spacious and elegant lounge and dining area with floor-to-ceiling glass windows.
14. Private access to lush and manicured gardens.
15. On-site amenities include an indoor pool, sauna, and BBQ area.
Management Rights Multiplier: 4.90
ROI Estimate: 20.41%