Key Investment Insights
1. Modern nine story apartment building with a great location, only a 5 minute walk to Westfield Garden City Shopping Centre and a 10 minute drive to Brisbane CBD.
2. Close proximity to Griffith University and Sunnybank Shopping & Entertainment Precinct, making it an attractive location for potential tenants.
3. Generous Body Corporate Salary with easily maintained common areas, providing a steady income for the manager.
4. No requirement for manager to live onsite, offering flexibility and convenience for the manager.
5. Manager's unit is new, with 2 bedrooms, 2 bathrooms, and 1 car space, making it a comfortable and modern living space.
6. Complex is a permanent type with a total of 52 units, with 13 units in the letting pool and 13 permanent units, providing a stable rental income.
7. Accommodation agreement module with a term of 25 years remaining, providing long-term security for the manager.
8. Onsite amenities such as a pool and pay TV, making it an attractive option for potential tenants.
Management Rights Multiplier: 4.50
ROI Estimate: 22.22%