Key Investment Insights
1. Prime location near the beach and popular cafes and restaurants in Burleigh Heads.
2. Resort-style facilities and easy to manage with no set office hours.
3. Low maintenance and minimal caretaking duties.
4. Solid Body Corporate salary of $72,000.
5. Accommodation agreement with 16 years remaining.
6. Opportunity to grow the letting pool with 16 outside agents.
7. Perfect business for first-time operators or experienced managers looking for a lifestyle change.
8. Net profit of $69,123.
9. Manager's real estate included in the asking price of $1,255,000.
10. Ground floor manager's apartment with 2 bedrooms, 2 bathrooms, and attached office on title.
11. Complex has a total of 36 units with 4 in the letting pool, 15 owner-occupied units, and 16 units managed by outside agents.
12. Accommodation agreement with a term of 25 years and 16 years remaining.
13. On-site amenities include a pool, gym, and BBQ area.
Management Rights Multiplier: 3.04
ROI Estimate: 32.92%