Key Investment Insights
1. Prime location with easy access to amenities and public transport.
2. No fixed office hours, providing flexibility for the owner.
3. Solid Body Corporate salary, accounting for a significant portion of the net profit.
4. Strong demand for permanent residential rentals, with potential for growth in the rental pool.
5. Manager's unit valued at $440,000, offering comfortable accommodation for the owner.
6. Complex consists of 80 units, with 17 units in the letting pool.
7. On-site pool for residents' use.
8. Body Corporate salary reviewed annually, providing potential for increased income.
9. Easily managed complex, with potential for further improvements and growth.
10. Opportunity for the owner to live and work in the same location.
Management Rights Multiplier: 3.44
ROI Estimate: 29.04%