Key Investment Insights
1. Prime location on Bribie Island, a popular holiday destination just an hour's drive from Brisbane.
2. Proven net profit of $145,682 with potential for growth through optimizing inventory and operations.
3. Opportunities for increased revenue through boosting direct bookings, utilizing dynamic pricing, and reconfiguring room layouts.
4. Sound body corporate salary provides secure income.
5. Conveniently located within walking distance to popular restaurants, clubs, and a short drive to the Sandstone Point Hotel.
6. Only island in the region accessible by bridge, making it a unique and desirable location.
7. Management rights and unit being sold together for a total price of $1.015M.
8. Manager's unit valued at $520,000 and includes 2 bedrooms, 1 bathroom, and 1 car space.
9. Complex type is resort/holiday with a total of 30 units, 13 of which are in the letting pool.
10. Agreement term is 25 years with 20 years remaining.
Management Rights Multiplier: 3.41
ROI Estimate: 29.33%