Key Investment Insights
AI generated. Confirm details with the seller.
1. Combined net profit of $473,535, including $166,066 in body corporate salary.
2. Dual Bribie Island resort acquisition provides two income streams within one strategic purchase.
3. Letting pool comprises 25 units across permanent complexes, with 20 years remaining on the agreement.
4. Purchase includes two manager apartments, comprising two and three bedrooms, valued at $1,525,000 combined.
5. Properties are located steps from the beach on sought after Bribie Island.
6. Total acquisition price is $3.52 million, with stated return on investment of 13.45 percent.
7. Established infrastructure includes 70 total complex units, 25 owner occupiers, nine outside agent units and 11 lockup units.
8. Recently topped up accommodation agreements provide approximately 19 and 20 years remaining across the two complexes.
9. Opportunity suits experienced operators or buyers seeking an established coastal management rights business with included real estate.
Management Rights Multiplier: 4.21
ROI Estimate: 13.45%