Key Investment Insights
1. Excellent location in central Southport, within walking distance to popular amenities such as Australia Fair shopping centre, Southport CBD, dining precinct, China town, and the Broadwater.
2. High demand for rental apartments in the area.
3. Well-maintained three storey walk up with underground car parking.
4. Manager's unit is well positioned and has three bedrooms, open plan kitchen, dining, and lounge with a large balcony.
5. Low maintenance common areas and gardens.
6. Easily managed by one person.
7. Potential for business growth.
8. Net profit of $83,439 and remuneration/body corp salary of $48,853.
9. Manager's apartment valued at $439,000 with 3 bedrooms, 2 bathrooms, and 2 car spaces.
10. Complex type is permanent with 36 units in total, 22 in the letting pool, and 6 owner-occupied units.
11. Agreement module is accommodation with a term of 25 years and 17 years remaining.
12. Amenities include a pool and pay TV.
Management Rights Multiplier: 4.60
ROI Estimate: 10.14%
