Key Investment Insights
1. Positioned in the heart of Broadbeach, a high-demand Gold Coast tourism precinct with direct access to beaches, Pacific Fair, The Star, G:link tram and the Convention Centre.
2. Strong net profit of $413,518, with $15,000 allowed for part-time staff, offering upside if owner-operators choose to work the business themselves.
3. Asking price $3,185,000, with the renovated 3-bedroom manager’s apartment valued at $1,200,000, representing significant embedded residential equity.
4. Manager’s residence is a full renovated, open-plan 3-bedroom, 2-bathroom apartment with high ceilings, separate laundry, exclusive-use office, one car space and pet-friendly status.
5. Secure 10-year standard management agreement, with the full 10 years remaining, providing long-term income stability.
6. Letting pool comprises 21 units (20 holiday apartments plus one permanent rental) within a 66-unit complex, indicating a focused holiday management scale.
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 rateability.
8. Well maintained by long-term owners, recent full exterior repaint and excellent online reviews, signalling strong reputation and repeat guest base.
9. Business snapshot shows remuneration/body corporate salary of $140,202 with annual CPI review, clarifying guaranteed manager compensation structure.
10. Complex mix includes 26 owner-occupiers, seven outside agent units and 11 lockup units, suggesting diversification of occupancy and potential for cooperative onsite management.
11. Opportunity highlighted as rare due to the spacious modern 3-bedroom manager’s residence, a differentiator in holiday management rights offerings.
12. Price-to-net profit ratio and embedded apartment value imply a combined investment in both operating business cashflow and substantial residential asset.
Management Rights Multiplier: 4.80
ROI Estimate: 20.83%
