Key Investment Insights
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: 19.58%
