Key Investment Insights
1. Unique opportunity to own a well-maintained waterfront complex with a generous manager's residence and multiple income-generating commercial properties.
2. Spacious and versatile two-storey manager's residence with a large rear balcony and stunning views.
3. Downstairs designed for versatility with a self-contained retreat, entertainment area, gym room, and two attached offices.
4. Perfect for families with older children, newlyweds living at home, or those looking for dual-living opportunities.
5. Energy-efficient home equipped with solar panels on the roof.
6. Commercial component with multiple revenue streams, including a large commercial kitchen, occupational therapy business, and spacious reception area.
7. Unbeatable location close to all amenities.
8. Excellent lifestyle opportunity with significant income potential.
9. Business is priced at 1.105M + 1.5M for the unit, totaling 2.605M.
10. Net profit of $246,927 and remuneration/body corp salary of $154,983.
11. Manager's apartment valued at $1,500,000 with 4 bedrooms, 3 bathrooms, and 2 car spaces.
12. Permanent complex with 96 total units, 22 in the letting pool, and 64 owner-occupied units.
13. Outside agent units make up 10 of the total units.
14. Agreement term of 25 years with 23 years remaining.
Management Rights Multiplier: 4.48
ROI Estimate: 22.35%