Key Investment Insights
Key Insights:
1. Prime location in the heart of Toowong, with easy access to public transport and shopping precinct.
2. Mix of 2 and 3 bedroom apartments is popular with both overseas and local university students.
3. Well-appointed and spacious Manager's apartment with office included in the sale.
4. Netting a solid profit of $157,000, with potential for further growth.
5. Management rights priced at $785,000, with a total sale price of $1,370,000.
6. Plenty of scope to increase income potential and further improve profitability.
7. Manager's unit valued at $585,000, with 2 bedrooms.
8. Complex type is permanent, with a total of 50 units and 34 units in the letting pool.
9. 14 units are owner-occupied, providing a stable and diverse tenant mix.
10. Agreement term remaining is 18 years, providing long-term security for the new owner.
Management Rights Multiplier: 5.00
ROI Estimate: 11.46%
