Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime Broadbeach location, within close proximity to local amenities.
2. Sturdy, older-style premium low-rise complex, widely recognised in the market.
3. Resort-style on-site amenities including a tranquil lap pool with spa, saunas, BBQ area, recreational areas and landscaped gardens.
4. Secure complex with gated entry, enhancing resident and asset security.
5. Caretaking and letting role offered with no set hours, no requirement to reside onsite, and no apartment purchase necessary.
6. Contactable position with a secure remuneration package; Body Corp salary shown as $66,000.
7. Reported net profit of $83,000, with the business currently listed as under contract / offer.
8. Complex comprises 32 total units, with 9 units in the letting pool, indicating about 28% of units actively let.
9. Formal caretaker agreement is a standard module, originally 10 years in term with 9 years remaining, providing long-term contractual continuity.
10. Small letting pool and on-site facilities suggest potential to grow revenue from increased letting or enhanced management services.