Key Investment Insights
1. Net profit $222,325, asking price $1,395,000 inclusive of manager’s real estate, indicating a clear EBITDA figure for valuation comparison.
2. Remuneration Body Corporate salary $66,709, providing a stable guaranteed income stream to the manager.
3. Manager’s apartment valued at $500,000, two bedrooms, one bathroom, one car space, fourth-floor private balcony with 180-degree views, currently income-producing in the letting pool.
4. Flexible ownership option, buyers can purchase the business only with a possible first option to buy the real estate within 12 months.
5. Office sits on a separate title and forms part of the body corporate common area, easing buy/sell of the manager’s unit without office separation complications.
6. Long-term management agreement, 25-year term with 24 years remaining, offering tenure security for continued operations.
7. Complex scale and composition 19 units total, 12 in the letting pool, five owner-occupied, one outside agent, one lockup, one manager unit, implying a solid existing rent roll.
8. On-site amenities include pool, spa, BBQ area and WiFi, supporting strong holiday appeal and guest satisfaction.
9. Prime coastal location in Bargara, 15 minutes from Bundaberg, part of the Southern Great Barrier Reef region, offering year-round tourism drivers such as reef access and turtle nesting at Mon Repos.
10. Clear growth potential through expanding the rent roll and taking on more units in the area, highlighting upside for an active operator.
11. Lifestyle and operational strengths include beachside living minutes from Bargara Beach, manageable low-stress business model, and the ability to work from home or live off-site while generating year-round income.
12. Accommodation agreement module in place, confirming the business is structured specifically for holiday letting and property management operations.
Management Rights Multiplier: 4.03
ROI Estimate: 24.84%
