Key Investment Insights
1. Net profit $413,518, indicating strong cashflow for a holiday management rights business.
2. Asking price $3,100,000, with the manager’s apartment valued separately at $1,295,000.
3. Manager’s residence is a fully renovated, spacious 3 bedroom, 2 bathroom open‑plan unit with high ceilings, separate laundry, exclusive office, pets allowed, and one car space.
4. Agreement is a standard 10‑year management term, with the full 10 years remaining, providing long‑term operational security.
5. Body corporate salary/remuneration $140,202, reviewed annually by CPI, providing predictable base remuneration.
6. Letting pool comprises 21 units (20 holiday apartments plus 1 permanent rental) within a 66‑unit complex, supporting a focused holiday operation.
7. Resort facilities include a heated outdoor pool and spa, two saunas, full‑size tennis court, games room, BBQ areas, and secure underground parking, enhancing guest appeal and ADR potential.
8. Recent full exterior repaint and long‑term owner maintenance, plus excellent online reviews and strong repeat guest base, signal well‑kept asset and solid reputation.
9. Prime Broadbeach location offers direct access to Pacific Fair Shopping Centre, The Star Casino, pristine beaches, G:link tram, the Convention Centre, and vibrant events such as annual music festivals, boosting year‑round demand.
10. Operational flexibility to engage part‑time staff at $15,000 or for managers to self‑operate to increase net profit, indicating scalable labour model.
11. Complex composition includes 26 owner‑occupiers, 7 outside agent units and 11 lockup units, suggesting a mixed ownership profile that may affect letting dynamics.
12. Onsite features and manager unit attributes (exclusive office, pet friendly, secure parking) align with contemporary guest expectations and manager lifestyle, rare for MR opportunities in the area.
Management Rights Multiplier: 4.36
ROI Estimate: 13.34%