Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime Management Rights business in Alexandra Headland with no franchise fees, positioned for lifestyle buyers and first time operators.
2. 39 unit complex composition confirmed, including 22 units in the letting pool, 2 Airbnb listings, 2 lockups, 7 owner occupiers, and 4 commercial tenancies.
3. Strong financial performance, reporting Net Operating Profit of $372,142.
4. Secured Body Corporate salary of $121,963 with annual CPI increases, equating to circa $10,000 per month from body corporate alone.
5. Long term agreement in place with 23 year remaining term, with ability to top up to a maximum 25 years every 5 years.
6. Consistent holiday income supplemented by robust midweek corporate bookings, providing diversified revenue streams.
7. Decoupling in progress so no manager’s unit purchase required, increasing purchase flexibility.
8. Titled office space with substantial exclusive use storage, noted as rare and valuable for operations.
9. Direct beach access and proximity to vibrant coastal amenities, enhancing guest appeal and occupancy potential.
10. Future demand upside from major infrastructure investment and the upcoming 2032 Olympic events, supporting growth prospects.
11. Flexible duties and office hours offer scope for a second remote income stream, suited to semi retired buyers, FIFO workers, or professionals made redundant by AI.