Key Investment Insights
1. Prime location with potential for growth and secure living experience.
2. Close proximity to major amenities such as shopping centers, schools, and public transport.
3. Partially gated complex with outdoor pool and secure underground parking.
4. No fixed office hours and potential for long-term agreements with Council.
5. Opportunity for a couple or first-timer to the industry to manage the business.
6. Spacious 3-bedroom, 2-bathroom manager's unit with study and two balconies.
7. On-site office included in the unit.
8. Net profit of $114,000 and remuneration/body corp salary of $88,000.
9. Manager's unit valued at $890,000.
10. Permanent complex with 21 units in the letting pool out of a total of 56 units.
11. Accommodation agreement module with 15 years remaining.
12. Pool on-site for residents' use.
13. Pets allowed in the complex.
Management Rights Multiplier: 3.42
ROI Estimate: 29.23%