Key Investment Insights
AI generated. Confirm details with the seller.
1. Highly sought after management rights for a secure, luxury resort-like gated community.
2. Located next to the Pelican Waters Golf Course, providing an added attraction for residents.
3. Large, well-furnished apartments with beautiful lake views.
4. Resort facilities include a tennis court, BBQ and entertainment area, lap pool and heated spa pool.
5. Potential for additional income through obtaining a full real estate license and tapping into on-site sales.
6. Strong net profit of $192,543 and remuneration/body corp salary of $190,348.
7. Annual body corp salary review ensures potential for increased income.
8. Manager's unit valued at $730,000 with 4 bedrooms, 2 bathrooms, and 2 car spaces.
9. Office located on title for convenient management of the complex.
10. Pet-friendly complex.
11. Mixed complex with a total of 105 units, 16 of which are in the letting pool.
12. Majority of units (91) are owner-occupied, providing a stable resident community.
13. Limited competition with only 6 outside agent units in the complex.
14. Resort amenities such as pool, spa, and tennis court add value to the community.
Management Rights Multiplier: 5.38
ROI Estimate: 10.91%
