Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime location in the heart of downtown Broadbeach, just meters from the beach and within walking distance to popular shopping centers and attractions.
2. No Body Corporate issues, giving the buyer full control and flexibility in managing the property.
3. Long-term managers are retiring, providing an opportunity for new owners to implement their business savvy and improve the property's potential.
4. Potential to increase net income and build capital through effective management strategies.
5. Confidentiality is required for all enquiries, indicating a high level of interest and demand for this property.
6. The business is currently generating a net profit of $240,000, providing a strong and stable income for potential buyers.
7. The Manager's unit is valued at $595,000 and features 2 bedrooms, 2 bathrooms, and 2 car spaces.
8. The complex is a holiday type with 41 units in total, 28 of which are in the letting pool.
9. The agreement module is Accommodation with a term of 25 years, with 19 years remaining.
10. The complex offers amenities such as a pool, spa, gym, BBQ area, pay TV, and WIFI, making it an attractive option for holiday-goers.
Management Rights Multiplier: 5.23
ROI Estimate: 12.98%
