Key Investment Insights
Key Insights:
1. Well-maintained gated townhouse complex with easy management.
2. Includes a spacious four bedroom manager's villa for onsite living.
3. Centrally located with easy access to schools, shopping centers, golf clubs, and public transportation.
4. Long management agreements in place and stable income.
5. Net profit of $116,000 and remuneration/body corp salary of $51,000.
6. Annual CPI review for body corp salary.
7. Manager's unit valued at $495,000 with four bedrooms and three bathrooms.
8. Complex type is permanent with 39 units in total and 24 units in the letting pool.
9. 25-year agreement term with 21 years remaining.
10. Amenities include a pool, BBQ area, and pay TV.
Management Rights Multiplier: 4.72
ROI Estimate: 21.17%