Key Investment Insights
1. Close proximity to excellent shopping centres.
2. Walking distance to train and bus stations.
3. No requirement to live onsite.
4. Option to rent out manager's unit.
5. High demand for rent in the area.
6. No office hours required.
7. Supportive Body Corporate.
8. Price: SOLD.
9. Net Profit: $124,000.
10. Remuneration / Body Corp Salary: $71,000.
11. Fixed % body corp salary review.
12. Value of Managers Apartment: $369,000.
13. 3 bedrooms, 3 bathrooms, 2 car spaces.
14. On-site office.
15. Pets allowed.
16. Large block.
17. Complex type: Permanent.
18. Total units in complex: 52.
19. Total units in letting pool: 27.
20. Owner-occupied units: 21.
21. Manager units: 1.
22. Agreement Module: Accommodation.
23. Agreement Term: 25 years.
24. Agreement Term Remaining: 22 years.
25. Pool and pay TV available.
Management Rights Multiplier: 5.28
ROI Estimate: 12.11%
