Key Investment Insights
1. Prime headland position with landscaped gardens and parkland between property and beach, offering direct beach appeal and ocean views.
2. 36 spacious one, two and three bedroom apartments, providing accommodation diversity for different market segments.
3. Resort-style facilities and picturesque ocean, garden or pool views, enhancing guest experience and repeat visitation.
4. Simple, straightforward business model with excellent systems already in place, easing transition for a new operator.
5. Low real estate value relative to earnings, cited as driving excellent return on investment.
6. Net profit of $265,000, indicating established profitability.
7. Generous body corporate salary of $95,643 contributing to operator remuneration.
8. Managers apartment on title valued at $695,000, two bedrooms, two bathrooms, one car space, with on-title office.
9. Letting pool of 26 out of 36 units, presenting a clear growth opportunity to increase rental pool revenue.
10. High guest return rate noted, supporting occupancy stability and revenue predictability.
11. Historical maintenance record, implying well-maintained asset and reduced near-term capex risk.
12. Long management agreement structure, 25-year term with 22 years remaining, offering long-term operational security.
Management Rights Multiplier: 3.70
ROI Estimate: 15.82%
