Key Investment Insights
AI generated. Confirm details with the seller.
1. Strong financials, reported net profit $264,000, with body corp salary/remuneration $71,100.
2. Managers apartment valued at $975,000, offering significant owner-occupied or balance-sheet value.
3. Managers apartment configuration: 2 bedrooms, 1 bathroom, study, open-plan kitchen and lounge, ocean views, one secure parking bay.
4. Secure high-rise Broadbeach location, beachfront across the road, adjoining café and easy access to local amenities and tourism demand.
5. Exceptional ocean views highlighted as a primary selling point, suitable for premium nightly rates in a holiday market.
6. Complex amenities include heated pool, spa, BBQ area, and secure parking, enhancing guest appeal and retention.
7. Holiday complex of 36 total units, with 16 units in the letting pool, indicating existing short-stay revenue stream and capacity for growth.
8. Long-term accommodation agreement structure, 25-year module with approximately 15 years remaining, providing contractual continuity.
9. Currently operated under a Lease-Back Scheme, which may deliver turnkey income and simplified operations for an investor.
10. Construction character is solid but dated Mac Master build with old-world style and charm, implying potential refurbishment upside; images may not depict this exact complex so valuation due diligence required.
Management Rights Multiplier: 2.65
ROI Estimate: 15.76%
