Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime location: The business is situated between two of Queensland's best patrolled beaches, making it an attractive destination for tourists.
2. Strong holiday facilities: The business boasts excellent holiday facilities, including tropical gardens, a large lagoon-style pool, indoor heated pool with spa, sauna, family games room, and a 1/2 size tennis court. These facilities are likely to attract more guests and increase revenue.
3. Convenient location: The business is located along the foreshore walkway and has public transport directly out front, making it easily accessible for guests.
4. Profitable: The business has a strong net profit of $310,031, making it a potentially lucrative investment opportunity.
5. Manager's unit: The manager's apartment is valued at $450,000 and includes 2 bedrooms, 2 bathrooms, and an office on title.
6. Large complex: The complex has a total of 36 units, with 32 units in the letting pool. This provides a steady stream of income for the business.
7. Long agreement term: The business has a 25-year agreement term, with 18 years remaining. This provides stability and security for potential buyers.
8. Additional amenities: The complex also offers additional amenities such as a pool, spa, sauna, and pay TV, which can attract more guests and increase revenue.
9. Pet-friendly: While pets are not allowed in the manager's apartment, the complex is pet-friendly, making it an attractive option for guests with pets.
10. Potential for growth: With its prime location and strong holiday facilities, there is potential for the business to grow and increase its profits in the future.
Management Rights Multiplier: 5.20
ROI Estimate: 15.04%
