Key Investment Insights
1. Asking price $1,675,000 with reported net profit $264,000, indicating a strong reported return relative to purchase price.
2. Manager remuneration or body corporate salary of $71,100, providing explicit owner/operator income detail.
3. Managers apartment valued at $975,000, included as a comfortable 2-bedroom, 1-bathroom unit with study, open plan kitchen, ocean views and one secure parking bay.
4. Property currently operated under a Lease-Back Scheme, signalling an established management arrangement and predictable income stream.
5. Holiday complex of 36 total units, with 16 units in the letting pool, offering scale and potential for rental pool optimisation.
6. Long-standing accommodation agreement originally 25 years, with 15 years remaining, providing medium-term contractual security.
7. Prime Broadbeach location, immediate beach access across the road, adjoining café and incredible ocean views, enhancing guest appeal and seasonal demand.
8. Secure high-rise Mac Master built complex with old-world character, potentially attractive to guests seeking traditional charm.
9. On-site amenities include heated pool, spa, BBQ area and secure parking, supporting leisure-focused holiday offerings.
10. Managers unit includes exclusive use office and pets allowed, supporting on-site operations and flexible guest/pet policies.
Management Rights Multiplier: 2.65
ROI Estimate: 15.76%
