Key Investment Insights
AI generated. Confirm details with the seller.
1. Combined net profit $473,535, with body corporate salary of $166,066 included in that result.
2. Total sale price $3,520,000, comprising $1.995M management rights and $1.525M managers units.
3. Managers units valued at $1,525,000 in total, split as Sylvan Beach Resort $775,000 and Gums Anchorage $750,000.
4. Sale includes two managers apartments, specified as a 2 bedroom and a 3 bedroom ground floor apartment.
5. Impressive reported ROI of 13.45 percent based on the stated price and earnings.
6. Letting pool approximately 24 to 25 units across both complexes, providing an established income base.
7. Total complex size 70 units, with 25 owner occupy units, 9 outside agent units and 11 lockup units, indicating diversified unit mix.
8. Accommodation module and/or agreement terms recently topped up, with 19 and 20 years remaining indicated, and an original agreement term of 25 years.
9. Strong location appeal, both properties located just steps from the beach on Bribie Island, supporting guest demand and lifestyle positioning.
10. Dual revenue streams from two high-performing complexes, suitable for experienced operators or buyers seeking proven coastal income.
11. Vendor flexibility, with an option to purchase Gums Apartments only from $1.6M, showing standalone annual income around $400,000.
Management Rights Multiplier: 4.21
ROI Estimate: 13.45%