Key Investment Insights
- High net profit of $186,752 per annum, providing a strong income stream for the owner.
- Spacious manager's office included on title, making it easy to manage the complex.
- The complex has a letting pool of 18 permanent rentals, ensuring manageable operations for the owner.
- Effortless caretaking duties with no set office hours, allowing for flexibility in other pursuits or leisure activities.
- Attractive body corporate salary of $114,721 plus GST, with guaranteed annual increases of at least 3% or CPI (whichever is higher), providing stable income growth.
- Magnificent manager's residence featuring 3 bedrooms, 2 bathrooms, 2.5 car accommodation, a huge courtyard, and ample storage.
- The house is expected to appreciate significantly in value in the near future, providing potential for future capital gains.
- Prime location within walking distance to schools, shopping centres, public transport, medical facilities, and parks.
- Genuine reason for sale due to family circumstances, providing a rare opportunity for a new owner to take over this successful business.
- Asking price of $1,590,000, inclusive of the spacious, independent house.
- This is a unique opportunity to live a fulfilling lifestyle while earning a high income in a fantastic environment.
- For further information or to arrange an inspection, contact the management rights broker, Bill He.
Net Profit: $186,752
Asking Price: $1,590,000
(Inclusive of Managers Real Estate)
Property Code: 950
Management Rights Multiplier: 4.12
ROI Estimate: 24.25%