Building One:

Building Type:                    Units, Midrise

Year built:                            2010

Total units:                          25

Module Type:                    Accommodation

Letting type:                      25 Permanent

Letting profile:                  18 inside letting pool, 5 owner occupied, 0 outside agent

Agreement term:               25 years

Years to run:                      21 years

Manager’s Unit:               3 bedrooms, 2 bathrooms, 2 large balconies, 1 car park, exclusive use storage areas, no requirement to live in
                                         Manager’s unit so it can be rented.

Rates:                               $1840.40 per year

Water:                               $350 per quarter

Manager’s Office:            On title, can be separated from unit

Facilities:                          Pool

Pets:                                 No Pets allowed

Body Corporate Salary: $29,400 ex GST with Annual CPI Review

Building Two

Building Type:                    Units, Midrise

Year built:                            2011

Total units:                          13

Module Type:                    Accommodation

Letting type:                      13 Permanent

Letting profile:                   1 inside letting pool, 11 owner occupied, 1 outside agent

Agreement term:               25 years

Years to run:                      22 years

Manager’s Unit:                 No unit to purchase

Office:                                   No office

Facilities:                              Gym, pool, exclusive use storage areas

Pets:                                      Pets allowed with Body Corporate approval

Body Corporate Salary:        $13,638 ex GST with Annual CPI Review

Net Profit for both buildings:     $80,000+

Manager’s unit price:                 $550,000

Total Price:                                  $870,000