Key Investment Insights
1. There is potential for increased income by taking on more outside agents to let properties within the complex.
2. The complex is located near a major shopping center and a major highway, providing convenience for residents and potential for growth.
3. The manager's residence is a free-standing 3 bedroom house with 4 car spaces, providing a comfortable living space for the manager.
4. The body corporate salary is currently at $96,000 and is subject to annual CPI reviews.
5. The manager's unit has a value of $425,000 and is included in the sale.
6. The complex is a permanent type with a total of 92 units, with 19 currently in the letting pool.
7. There are 48 owner-occupied units and 24 units currently managed by outside agents.
8. The agreement module is accommodation and has a remaining term of 18 years.
9. The complex features a pool, BBQ area, and function facilities for residents.
10. The manager's residence has a private yard and pets are allowed.
Management Rights Multiplier: 4.88
ROI Estimate: 20.50%