Key Investment Insights
Key Insights:
- Modern nine story apartment building with a great location
- Short walking distance to Westfield Garden City Shopping Centre
- Close proximity to Griffith University and Sunnybank Shopping & Entertainment Precinct
- Easy access to Brisbane CBD
- Generous Body Corporate Salary with easily maintained common areas
- No requirement for manager to live onsite
- Managers unit is a new, 2 bedroom, 2 bathroom, 1 car apartment
- Complex is a permanent type with 52 total units and 13 in the letting pool
- Majority of units are owner-occupied
- Agreement module is Accommodation with a term of 25 years remaining
- Complex amenities include a pool and pay TV.
Management Rights Multiplier: 4.50
ROI Estimate: 22.22%