Key Investment Insights
1. Rare and unique opportunity to own a waterfront complex with a generous manager's residence and multiple income-generating commercial properties.
2. Spacious and versatile living with a two-storey manager's residence featuring a large balcony with stunning views.
3. Downstairs offers a self-contained retreat, entertainment area, gym room, and two large attached offices.
4. Perfect for families with older children, newlyweds living at home, or those looking for dual-living opportunities.
5. Energy-efficient with solar panels on the roof.
6. Commercial component includes a large commercial kitchen, occupational therapy business, and spacious reception area.
7. Unbeatable location close to all amenities.
8. Significant income potential with a net profit of $246,927 and remuneration/body corp salary of $154,983.
9. Manager's apartment valued at $1,500,000 and includes 4 bedrooms, 3 bathrooms, and 2 car spaces.
10. Permanent complex with 96 units, 22 units in the letting pool, and a 25-year agreement with 23 years remaining.
Management Rights Multiplier: 4.48
ROI Estimate: 22.35%