Key Investment Insights
1. 5-year-old permanent complex with 57 townhouse units, all 3 bedrooms and 2.5 bathrooms with top quality finishes.
2. Located next to Wulkuraka Train Station and future shopping complex.
3. Waiting list for tenants.
4. Agreements period of 25 years with 24 years remaining.
5. Body corporate remuneration of $67,722 with annual review of 3% or CPI, whichever is higher.
6. 42 units in the rental pool with a rent range of $430-$490 per week.
7. No office hours required and no requirement for managers to live on-site.
8. Managers house is a 3-bedroom, 2.5-bathroom standalone villa with separate office and storage area.
9. Managers house not locked into business and can be sold separately at any time.
10. Complex has no gates, pool, or gym, making it easy to manage.
11. Net operating profit of $165,000.
12. Managers real estate valued at $550,000.
13. Total price for business and managers unit is $1,550,000.
Management Rights Multiplier: 6.06
ROI Estimate: 16.50%