Key Investment Insights
1. Net profit $441,996 (Dec 2024), indicating strong cashflow and profitability.
2. Stable Body Corporate salary of $120,047 plus GST contributes predictable recurring income.
3. Asking price $2,150,000, sale includes manager’s real estate valued at $650,000.
4. Modern fully furnished three bedroom managers apartment, Coral Sea views, two bathrooms, two car spaces, exclusive use office.
5. 16 units currently in the holiday letting pool, with explicit ability to grow the letting portfolio.
6. Total complex 40 units, 15 owner-occupied units and 8 outside agent units, offering a balanced occupancy and management opportunity.
7. Long accommodation agreement, 25 year term with 22 years remaining, providing contract stability.
8. Resort-style facilities and low maintenance operations, including 20 metre infinity edge pool, lap pool with spa, gym and BBQ area.
9. Exceptional Coral Sea and island views, modern complex design, lift and work areas for managers enhancing guest appeal and operations.
10. Flexible operations with no fixed office hours, supporting a lifestyle-oriented business model.
11. Supportive and proactive Body Corporate, with streamlined systems in place, reducing operational friction.
12. Prime location a short walk to Airlie Beach town centre, leveraging one of Australia’s iconic coastal destinations for tourism demand.
Management Rights Multiplier: 3.39
ROI Estimate: 29.47%
