Hi,
The reason why the management fee is so high is because Lincoln Modern is a boutique development with only 56 units.
The cost of maintenance the development is being shared across only 56 owners.
In terms of rental yield, it is approximately 2.5% (gross), before factoring in the maintenance fee. If you factor in the $870 maintenance fee, your nett rental yield may even fall below 2%.
Hence, I would say that this property may not be the best investment choice, especially now that we have so many options in the market to consider. Having said that, it may be suited for your own stay if you like this development and it fits your family's needs.
I am experienced and well-versed in private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile
9748 6305
. I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty
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