Key Investment Insights
1. The resort has a strong reputation and loyal customer base, with families returning for the great holiday facilities.
2. The complex boasts an impressive pool set-up, with a lagoon pool, waterslide, waterfall, lap pool, and spa, as well as other amenities such as a gym, tennis court, and BBQ areas.
3. The manager's unit is spacious and well-equipped, with air conditioning, a large reception and office, and a private courtyard.
4. The location is ideal, with a short stroll to the beach, surf club, and various cafes and restaurants.
5. The complex offers a range of amenities, including a heated lap pool, heated children's lagoon pool, sauna, cable TV, and Wi-Fi.
6. The business is profitable, with a net profit of $520,794 and a remuneration/body corp salary of $98,829.
7. The managers' apartment has a value of $690,000 and includes three bedrooms, two bathrooms, and an office.
8. The complex is primarily a holiday complex, with 59 total units, 33 in the letting pool, and 17 owner-occupied units.
9. The management agreement has a term of 25 years, with 22 years remaining.
10. The complex offers a range of amenities, including a pool, spa, gym, tennis court, BBQ area, pay TV, and Wi-Fi.
Management Rights Multiplier: 5.59
ROI Estimate: 17.90%
