Key Investment Insights
1. Mixed letting complex with a total of 65 units, 32 in the letting pool (25 holiday and 7 permanent).
2. Fully renovated 3 bedroom, 2 bathroom managers apartment with front and back balconies.
3. No office hours on agreement.
4. Repeat guests and high occupancy rates.
5. Office on title and access to two pools and a marina.
6. Mid-size tennis court on the property.
7. All balconies facing open grounds, pools, and marina.
8. 21 years left on the agreement with just a recent top-up.
9. Business and unit being sold together for a total of $2.140M.
10. Net profit of $306,714 with a remuneration/body corp salary of $108,615.
11. Owner occupy units make up 27 of the total units in the complex.
12. Outside agent units make up 5 of the total units in the complex.
13. Lockup units make up 1 of the total units in the complex.
14. Great location in Biggera Waters, close to the Broadwater.
Management Rights Multiplier: 4.24
ROI Estimate: 23.59%