Key Investment Insights
1. Prime headland beachfront position with landscaped gardens and parkland separating the resort from the beach, offering strong location appeal and ocean views.
2. 36 spacious holiday apartments, comprising one, two and three bedroom configurations, supporting diverse market demand.
3. Resort-style facilities and picturesque ocean, garden or pool views, enhancing guest experience and repeat visitation.
4. Established profitable operation, price $1,675,000 with reported net profit $265,000, implying a high net yield of approximately 15.8%.
5. Manager’s apartment valued at $695,000, two bedrooms, two bathrooms, one car space, office on title, representing a substantial included asset and on-site management security.
6. Simple, straightforward business model with excellent systems in place, suitable for both new and experienced operators.
7. Low real estate value claimed, supporting excellent return on investment potential.
8. Generous body corporate salary of $95,643 provides stable owner remuneration.
9. Letting pool comprises 26 of 36 units, offering immediate income with opportunity to grow the rental pool by up to 10 additional units.
10. High guest return rate indicated, supporting revenue stability and strong occupancy potential.
11. Agreement term 25 years with 22 years remaining, delivering long-term operational security.
12. Historical maintenance record noted, reducing near-term capital expenditure risk.
Management Rights Multiplier: 3.70
ROI Estimate: 15.82%
