Key Investment Insights
1. Fully renovated 3 bedroom, 2 bathroom manager's residence with front and back balconies.
2. No office hours on agreement, allowing for a more flexible work schedule.
3. A large 32 units in the letting pool, with a mix of 25 holiday and 7 permanent rentals.
4. A big body corporate salary, providing a steady income for the managers.
5. Long agreement term of 21 years, with a recent top-up.
6. Repeat guests, indicating a strong and loyal customer base.
7. Office on title for easy management of the complex.
8. Two pools and access to a marina for added amenities and attractions for guests.
9. Mid-size tennis court for recreational activities.
10. All balconies facing open grounds, pools, and marina for a pleasant view.
11. Prime location in Biggera Waters, close to the Broadwater.
12. Opportunity to reap the benefits of the hard work already done by the current owners.
13. Total asking price of $2.1 million, including the manager's unit and management rights.
14. Net profit of $306,714, providing a solid return on investment.
15. Remuneration/body corporate salary of $108,615, providing additional income for the managers.
Management Rights Multiplier: 4.11
ROI Estimate: 24.34%