Alexandra Headland, Queensland

Perfect Location Opposite the Beach

SOLD

Business Description

Perfect location for attracting holiday guests. Alexandra Headland beach directly across the road, and numerous cafes, restaurants and retail stores within short walking distance.

Spacious, air conditioned and fully self contained, with full kitchens and laundries, 1, 2, 3 or 4 bedroom apartments all with balconies and spectacular north facing beach and ocean views.

Well worth a look here!

Property facilities include:

- Swimming Pool
- Sauna
- Cable TV
- Security Undercover Parking
- BBQ Facilities
- Games Room
- Putting green

Business Summary

Business Snapshot

Price: SOLD Net Profit: $239,765 Remuneration / Body Corp Salary: $54,066

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Two bedroom managers unit, air-conditioning in the lounge, with excellent ocean views.

Complex Information

Complex Type: HolidayTotal Units in Complex: 27Total Units in Letting Pool: 21Owner Occupy Units: 2Outside Agent Units: 2Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 21 Years yearsPool: YesSauna: YesPay TV: Yes

Marketing Agent

Matt Campbell

0410 34....

Matt Campbell

0410 34....

Resort Management Sales

Key Investment Insights

1. Prime location directly across from Alexandra Headland beach
2. High potential for attracting holiday guests
3. Proximity to various amenities such as cafes, restaurants and retail stores
4. Spacious and fully self-contained apartments with various sizes and amenities
5. Spectacular north facing beach and ocean views from all apartments
6. Property facilities such as swimming pool, sauna, cable TV, security undercover parking, BBQ facilities, games room and putting green
7. Strong financial performance with a net profit of $239,765
8. Additional income from remuneration/body corp salary of $54,066
9. Managers unit with excellent ocean views and air-conditioning in the lounge
10. Complex type: Holiday with 21 units in the letting pool and only 2 owner-occupied units
11. Long agreement term of 25 years with 21 years remaining
12. Additional amenities such as pool and sauna add value to the property
13. Potential for growth and expansion through marketing and advertising strategies
14. Pet-friendly complex, attracting a wider range of guests
15. Strong potential for a profitable investment opportunity.

Management Rights Multiplier: 5.19
ROI Estimate: 14.15%