Key Investment Insights
1. Net profit $222,325 with an asking price of $1,395,000, indicating a clearly stated current earnings profile.
2. Remuneration includes a Body Corporate salary of $66,709, providing a secure baseline income stream.
3. Managers apartment valued at $500,000, two bedrooms, one bathroom, one car space, private balcony with 180 degree views.
4. Managers unit currently in the letting pool generating year‑round income, offering flexibility to live on site or remain off site and maintain rental revenue.
5. Option structure allows initial purchase of the business only, with a possible first option to purchase the real estate within 12 months, enabling lower upfront capital or staged acquisition.
6. Agreement module Accommodation, 25 year agreement term with 24 years remaining, providing long‑term contractual security.
7. Complex of 19 units, 12 in the letting pool, five owner‑occupied, one outside agent, one lockup, indicating a majority short‑stay revenue base with room to grow the rent roll.
8. Onsite amenities include pool, spa, BBQ area and WiFi, enhancing guest appeal and supporting premium nightly rates.
9. Office is on a separate title and forms part of the body corporate common area, simplifying future sale or transfer of the managers unit.
10. Prime coastal location in Bargara, 15 minutes from Bundaberg on the Southern Great Barrier Reef, attracting year‑round tourism for reef activities and turtle nesting at Mon Repos.
11. Strong lifestyle proposition, low‑stress manageable operation suited to first‑time buyers, enabling work‑from‑home flexibility and excellent work‑life balance.
12. Clear growth potential through increasing the rent roll and taking on more units in a fast‑growing coastal destination, supporting future revenue expansion.
Management Rights Multiplier: 4.03
ROI Estimate: 24.84%
