Key Investment Insights
- Gated townhouse estate with 46 units in the complex.
- 16 units in the letting pool and 25 external lets.
- Great opportunity to build a rent roll.
- Accommodation Module with 18 years remaining.
- Body Corporate salary of $86,264.
- REI Master software used.
- No office hours required.
- Office attached and on title.
- 3 bedroom, 2 bathroom manager's residence with 3 car parking spaces.
- Onsite facilities include gym, swimming pool, BBQ, children's playground and recreation room.
- Located in Upper Coomera with a selection of local schools, shopping, dining, and entertainment options.
- Net profit of $172,827.
- Asking price of $1,239,000, inclusive of manager's real estate.
Management Rights Multiplier: 3.55
ROI Estimate: 28.15%