Key Investment Insights
1. The complex is located in a desirable north side location and has been designed with the manager in mind.
2. The complex has a high occupancy rate and a growing rental pool, making it a profitable business opportunity.
3. All necessary policies and procedures are in place, making it a turnkey operation for a new owner.
4. The manager's home is spacious and can be rented out for additional income.
5. The complex has a friendly body corporate committee and is GV compliant.
6. The current managers live off-site, allowing for flexibility in managing the complex.
7. The complex has a mix of permanent and holiday units, providing a diverse income stream.
8. The manager's unit has a value of $599,000 and includes 3 bedrooms, 2 bathrooms, and 2 car spaces.
9. The complex has a long agreement term remaining, providing stability for a new owner.
10. There is an opportunity for additional income through a small rent roll just outside the complex.
Management Rights Multiplier: 5.14
ROI Estimate: 19.45%