Key Investment Insights
1. Prime location in the heart of Varsity Lakes on the Gold Coast, near Bond University and shopping centres.
2. Easy to manage, ideal for both experienced and first-time property managers.
3. Flexible living options for investors, with the choice to live off-site and lease the manager's unit or reside on-site in a brand-new, spacious three-bedroom apartment.
4. Strong financial performance, with a body corporate salary exceeding $136,000 annually and a net income of over $246,000.
5. Low-maintenance setup, featuring predominantly hardscaped areas that reduce gardening responsibilities.
6. Premium amenities for residents, including a pool, BBQ area, and gym.
7. Long-term security with a 25-year management rights agreement, with 21 years remaining.
8. On-site manager's apartment undergoing a complete rebuild, ensuring a modern and high-quality living space upon completion.
9. Total investment of $2,000,000, with the manager's apartment valued at $950,000 and the management rights business priced at $1,050,000.
10. Outstanding opportunity for investors to benefit from the strategic location, strong financial returns, and low-maintenance setup of the complex.
Management Rights Multiplier: 4.24
ROI Estimate: 23.59%