Key Investment Insights
AI generated. Confirm details with the seller.
1. Reported net profit of $177,933, including body corporate remuneration of $90,968.
2. Management rights agreements freshly extended to 25 November 2050, providing long term contractual security.
3. Low maintenance operation with no office hours, one pool and minimal gardens.
4. Body corporate pays for chemicals, gardening support is already in place, and all equipment is included.
5. Recently painted complex with a completed full roof restoration.
6. Supportive committee provides an operational advantage for the incoming manager.
7. Wakerley location offers convenient access to Manly, Wynnum, shopping, schools, parks and the bay.
8. Spacious onsite manager’s residence includes three bedrooms, two bathrooms and two car spaces.
9. Permanent complex comprises 62 three bedroom townhouses, with 21 units in the letting pool.
10. Advertised combined purchase price of $1.719 million includes management rights and the onsite residence.
Management Rights Multiplier: 4.61
ROI Estimate: 10.35%