Key Investment Insights
1. Neat, quiet and secure complex with only 3 owners living onsite and no committee members living onsite.
2. Easy caretaking responsibilities, making it an attractive opportunity for managers.
3. Good existing relationship with owners and supportive committees.
4. Long agreement with 23 years remaining.
5. Convenient location with easy access to public transport, shopping, and schools.
6. Spacious 4 bedroom manager unit with an office on title.
7. Net profit of $124,723 and body corp salary of $62,963.
8. Regular body corp salary reviews with CPI increases.
9. Complex consists of 38 units with 29 in the letting pool.
10. Permanent complex with no holiday or short-term rentals.
11. Agreement module is standard with a 25-year term.
12. Onsite amenities include a pool and BBQ area.
Management Rights Multiplier: 5.11
ROI Estimate: 19.58%