Key Investment Insights
1. Prime location in downtown Macrossan Street, close to all amenities and attractions.
2. Winner of numerous Certificate of Excellence Awards, indicating high levels of customer satisfaction.
3. Set-back location provides peace and tranquillity for guests.
4. Short stroll to the Marina, beach, and all shops and restaurants.
5. Elegant 2 bedroom managers apartment included in the sale.
6. Easily managed by one person, making it an ideal business for an individual or couple.
7. Good body corporate salary of $47,513 excl GST.
8. No residential obligation, allowing the manager to live off-site.
9. Little gardening required by manager and pool maintenance is the responsibility of the Body Corporate.
10. Income and expenses are pooled for easy administration.
11. Ideal property for an add-on to an existing business or for those looking to ease into retirement.
12. Managers apartment valued at $495,000.
13. Complex is a holiday accommodation type with 17 units in total.
14. 15 units are in the letting pool, with only 1 unit managed by an outside agent.
15. Agreement module is Accommodation with a term of 25 years, with 23 years remaining.
16. Complex features a pool, BBQ area, and WIFI for guests.
Management Rights Multiplier: 3.99
ROI Estimate: 25.06%