Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime beachfront Broadbeach location, directly opposite the beach in a highly sought after Gold Coast precinct.
2. Strong financial performance, reported net profit $625,410.
3. Management rights sale includes a spacious two bedroom, two bathroom manager’s residence on title, private courtyard, one secure car space, additional storage, pets permitted, manager’s apartment valued at $1,060,000.
4. Established holiday complex with 77 fully self contained apartments, providing scale and diversification.
5. 38 units in the holiday letting pool, most recently renovated, supporting high letting quality and yield potential.
6. Extensive resort facilities including heated pool, large spa, male and female saunas, tennis court, two BBQ areas, and undercover parking, enhancing guest appeal.
7. Long agreement framework, 25 year accommodation module with 17 years remaining, offering medium term contract security.
8. Operational efficiencies in place, with established internal systems and procedures delivering consistent performance and income.
9. Supportive body corporate that contracts garden maintenance, reducing operational burden for managers.
10. Additional operational support budgeted, with $30,000 per year for a part time receptionist to assist front office duties.
11. Body corporate salary review CPI annually, with a scheduled salary increase in August, indicating imminent uplift to net profit.
12. On title office for managers and holiday complex classification, simplifying management responsibilities and compliance.
Management Rights Multiplier: 5.50
ROI Estimate: 13.91%
