Key Investment Insights
1. Highly profitable management rights business with a verified net profit of $1,650,000 for FY 2024.
2. Diverse income streams including holiday and permanent letting, body corporate agreements, and other value-added services.
3. Prime location just 150 metres from the beach in one of Australia's fastest-growing regions.
4. Iconic and recognised landmark building with potential for expansion of the letting pool.
5. Dual-key manager's residence with two separate apartments and a large, on-title office and reception area.
6. Secure access provided via passenger lifts for convenience and safety.
7. Potential for modernisation of units to maximize returns.
8. Enduring symbol of the growth and success of the Gold Coast.
9. Total sale price of $12.297M includes $10.972M for management rights and $1.325M for unit.
10. Managers unit valued at $1,325,000 and includes 3 bedrooms, 2 bathrooms, and 4 car spaces.
11. Complex type is permanent with a 25-year agreement term.
12. Strong occupancy rates due to year-round tourist attraction in the Gold Coast region.
13. Opportunity for growth and expansion in a rapidly developing area.
14. Features on-site amenities including swimming pools, spa, sauna, gymnasium, and BBQ areas.
15. Business offers a blend of financial stability and growth potential.
Management Rights Multiplier: 6.65
ROI Estimate: 15.04%