Key Investment Insights
1. The complex is a fifteen level tower of two bedroom apartments, some with spa baths and stunning views.
2. Located on a canal waterway off the Nerang River, offering beautiful river views and opportunities for kayaking.
3. Only a few minutes' walk from the beach, making it a desirable location for tourists and residents.
4. Communal areas include a lap pool, pontoon on the river, BBQ entertainment area, and private function garden.
5. Ideal for buyers looking to enter the management rights industry, retire with a reasonable income, or add to an existing property portfolio.
6. Private and modern 1 bedroom, 1 bathroom apartment with potential to convert into a 2 bedroom.
7. Managers unit valued at $280,000 and office included on title.
8. Net profit of $115,800 with a remuneration/body corp salary of $47,500.
9. Complex type is a resort/holiday with a total of 30 units, 5 owner-occupied and 13 managed by outside agents.
10. Amenities include a BBQ area and WIFI.
Management Rights Multiplier: 3.20
ROI Estimate: 31.30%