Key Investment Insights
1. Prime location in a revitalized and thriving suburb with great street appeal.
2. High demand for the business due to its proximity to CBD, express trains, parks, shopping, and private schools.
3. No requirement to live on site or have office hours, providing flexibility for the manager.
4. Healthy building management salary with 9 years remaining on agreements.
5. Large office on title and solid letting pool with quality tenants.
6. Managers apartment valued at $330,000.
7. Pets are allowed on the premises.
8. Complex type is permanent with a total of 47 units in the letting pool.
9. Agreement term is 10 years with 9 years remaining.
10. Additional amenities such as BBQ area and pay TV are available.
11. No unit to buy, only office on title.
12. Great opportunity for those looking for management rights in Sydney.
Management Rights Multiplier: 4.30
ROI Estimate: 23.26%