Key Investment Insights
1. Verified net profit of $278,218, demonstrating strong cashflow performance.
2. Confirmed remuneration/body corporate salary around $171,913, providing reliable owner income.
3. Premium location on a National Park hillside above Airlie Beach, offering sweeping Coral Sea and Whitsunday Islands views.
4. Resort style complex with 61 apartments across seven buildings, five one‑bedroom and 56 two‑bedroom units.
5. Letting pool of 27 units with a balanced mix of short and long term rentals, enabling seasonal optimisation of revenue.
6. Significant upside potential, with 24 owner‑occupied units and 10 externally managed units available to convert into the letting pool.
7. Manager’s residence is a spacious two‑bedroom, two‑bathroom unit with exceptional privacy and magnificent views, on the same title as the office.
8. Office positioned separately, and agreements impose no set office hours, allowing flexible day‑to‑day operations.
9. Recently repainted in 2024 and subject to an annual washdown program, indicating proactive maintenance and strong presentation.
10. Long secured agreements to 2047, 22 years remaining, providing stable tenure and income security.
11. Managers apartment valued at $650,000 with two car spaces, representing significant on‑site owner accommodation equity.
12. Listing marked as SOLD, indicating recent transaction interest and market demand.
Management Rights Multiplier: 3.50
ROI Estimate: 28.54%
