Key Investment Insights
Key Insights:
- Exclusive residential only permanent high-rise in a serene riverfront location in central Surfers Paradise, Gold Coast.
- Brand new 25 year Agreements with Gallery Vie compliance.
- Office on title with no set hours.
- Generous remuneration and ample storage.
- Pro-active and supportive Committee.
- High-end letting apartments attract preferred tenants.
- Superb 2 bedroom, 2 bathroom Manager's apartment with stunning riverfront outlook, high ceilings, central air conditioning, and secure courtyard.
- Lifestyle to be envied.
- Net profit of $141,637.
- Remuneration/Body Corp Salary of $90,294 with CPI annual review.
- Manager's apartment valued at $695,000.
- Complex type is permanent with a total of 55 units.
- 14 units in the letting pool, 26 owner-occupied units, and 14 lockup units.
- Agreement module is Accommodation with a term of 25 years and 24 years remaining.
- Complex amenities include an infinity pool, gym, BBQ area, pay TV, function facilities, and a marina berth.
Management Rights Multiplier: 4.90
ROI Estimate: 20.41%