SKY INCOME
Confidence reaches new heights
Adelaide has lately been attracting more attention as a place to live and invest. As one of the top 10 most liveable city in the world*, it’s also experienced stable prices. Domain data shows Adelaide house prices outpaced inflation by an average of 2.5 percentage points each year for the past five years.
If you’re looking to invest in Adelaide, look up to SKY Apartments
SKY Residential offers a great return on investment, with potential positive cash flow from the day of contract signing. Estimated cash flow projections are available from our sales agents**
Speak to our sales team about our performance undertaking, where owners can choose to benefit from a guaranteed 5.5 percent return for the first two years.
SKY RESIDENTIAL
Managed Rights
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SKY has a strategically positioned site that is central to Adelaide’s service sector precinct and adjacent Calvary’s new $345 million hospital – the largest private hospital every built in the state as the health provider upgrades from its existing Wakefield St facilities.
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SKY Residential suits astute investors who prefer a hands-free investment or owners who want the flexibility of staying in their property some of the time.
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As a ‘management rights’ business, SKY Residential refers to the business of on-site care-taking within a body corporate and letting apartments, formed by arrangement with individual apartment owners.
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Our SKY Residential team ensures the highest level of service to your investment with minimal ongoing input from you. The team manages everything for you, from finding the right tenants through to collecting rent, cleaning and maintenance.
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Click here to learn more from our SKY Residential Manager, Varia Mitchell.
SKY RESIDENTIAL FAQ
What is ‘Managed Rights’?
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Put simply, ‘managed rights’ refers to the business of marketing and letting apartments, formed by arrangement with individual apartment owners, and the on-site caretaking within a body corporate.
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As the SKY Residential Manager, we work and live on-site to manage apartment marketing and rentals, as well as taking care of common areas, like the reception area and the rooftop retreat. This includes compliance with various building and safety codes as per any relevant statutes. It’s a 24/7 type of operation.
How does SKY Residential work
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As the exclusive manager, we lease and manage SKY tenancies. We only manage SKY Apartments Adelaide - not other buildings or properties. We’re onsite 24/7 so we know the building, who is coming and going, and we monitor key operational activities.
We co-ordinate cleaning and inspections as well as handle the maintenance for all apartments in our letting pool. Owners with a SKY Residential arrangement receive monthly statements, showing their income, as well as SKY’s competitive management and letting fees.
Can you tell us about the demographic for Managed Rights apartments?
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Managed Rights suits astute investors who prefer a hands-free investment or owners who want the flexibility of staying in their property some of the time. We believe SKY will attract quality tenants who want a well-designed apartment close to amenities such as health services, and who expect impeccable service.
What are the benefits to property investors who own a SKY Apartment?
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We ensure the highest level of service to an owner’s investment with minimal ongoing input from them. We manage everything, from finding the right tenants through to collecting rent, organising cleaning and maintenance work for owners and tenants.
What are the benefits for tenants?
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As investors ourselves, who live in the building and generate income from SKY Residential’s success, we take pride in looking after tenants. We’re accessible at reception and because we’re on-site 24/7, we can quickly attend to maintenance, promptly seek the assistance from trades (when required) and we can provide that extra peace of mind when it comes to security.
Where did the Managed Rights concept come from?
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The concept was originally created in Queensland in the 80s. It’s very common on the Sunshine Coast, Gold Coast and Brisbane, and to a lesser extent in Sydney and Melbourne. Our team members combined have more than 50 years’ experience in running successful Managed Rights buildings in Queensland.
What do investor returns look like?
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SKY Residential offers a great return on investment, with potential positive cash flow from the day of contract signing***. For the first two years, owners can choose to benefit from a performance undertaking, which provides them with a guaranteed 5.5% return.
* The Economist’s Global Liveability Index 2018
** We recommend seeking independent financial advice. Estimates cannot be used for taxation purposes and should not be applied or acted upon.
*** Estimated cash flow projections are available from our sales agents. We recommend seeking independent financial advice. Estimates cannot be used for taxation purposed and should not be applied or acted upon.