Key Investment Insights
AI generated. Confirm details with the seller.
1. Neat, quiet and secured complex with good existing relationships with owners and supportive committees.
2. Easy caretaking duties, making it a desirable option for managers.
3. Only 3 owners live in the complex and there are no committee members living onsite.
4. Long agreement with 23 years remaining, providing stability and potential for long-term income.
5. Good location with easy access to public transport, shopping, and schools.
6. Spacious 4 bedroom manager unit with an office on title, providing comfortable living arrangements for managers.
7. Net profit of $124,723, with a remuneration/body corp salary of $62,963.
8. Body corp salary review occurs annually, providing potential for increased income.
9. Manager's apartment valued at $418,000, providing potential for capital growth.
10. Complex is a permanent type with a total of 38 units, with 29 in the letting pool.
11. Only 4 units are managed by outside agents.
12. Agreement module is standard with a term of 25 years, with 23 years remaining.
13. Complex amenities include a pool and BBQ area.
Management Rights Multiplier: 5.11
ROI Estimate: 11.82%
