Key Investment Insights
1. The complex is located in a quiet bayside area with close proximity to all amenities.
2. The complex is only 4 years old, making it a rare find.
3. The complex is close to the ocean, providing a desirable location for potential buyers.
4. The caretaking duties for the complex are easy, as there is no pool or other facilities to maintain.
5. The majority of units in the complex are rented out, with very few owner-occupied units.
6. There are no set office hours for the complex, providing flexibility for the managers.
7. The asking price for the complex is $880,000, with a net profit of $96,423 and a remuneration/body corp salary of $38,956.
8. The managers' apartment is valued at $430,000 and includes 3 bedrooms, 2 bathrooms, and 1 car space.
9. The complex is a permanent type with a total of 31 units, 27 of which are in the letting pool.
10. The complex has a long agreement term of 25 years, with 22 years remaining.
Management Rights Multiplier: 4.67
ROI Estimate: 21.43%