Key Investment Insights
1. Prime location: The business is situated in a highly sought-after location, right opposite the popular surfing beach of Alexandra Headland on the Sunshine Coast.
2. High foot traffic: The business benefits from a high volume of foot traffic due to its proximity to the beach, surf club, restaurants, cafes, and other popular attractions.
3. Diverse range of amenities: The area offers a diverse range of amenities, including a bowling alley, skateboard park, and shops, making it a popular destination for tourists and locals alike.
4. Established business: The business has been operating for a significant period of time and has built a strong reputation in the local community.
5. Strong financials: The business has a strong financial performance, with a net profit of $592,023 and a remuneration/body corp salary of $102,444.
6. Manager's apartment included: The sale includes a spacious 3-bedroom, 2-bathroom manager's apartment with an office on title, valued at $730,000.
7. Large complex: The complex has a total of 68 units, with 45 units in the letting pool, providing a stable and consistent income stream for the business.
8. Long agreement term: The business has a 25-year agreement term with 21 years remaining, providing security and stability for the new owner.
9. On-site amenities: The complex offers a range of on-site amenities, including a pool, spa, and WIFI, making it an attractive option for holidaymakers.
10. Potential for growth: With its prime location and strong financial performance, there is potential for the business to further grow and increase its profitability.
Management Rights Multiplier: 5.69
ROI Estimate: 14.44%
