Key Investment Insights
1. Prime location in popular tourist destination: The complex is situated in the highly sought-after area of Burleigh Heads on the Gold Coast, making it a popular choice for holidaymakers.
2. Strong reputation and high number of returning guests: The complex has a stellar reputation and a high number of returning guests, indicating a loyal customer base and potential for repeat business.
3. Walking distance to the beach: The complex is conveniently located within walking distance to the beautiful Burleigh Heads beach, one of the best tourist locations in Queensland.
4. Close to amenities: The complex is conveniently located near all amenities, making it an attractive option for holidaymakers.
5. Spacious serviced apartments: The apartments in the complex are spacious and well-maintained, providing a comfortable and enjoyable stay for guests.
6. Secure underground car parking: The complex offers secure underground parking for guests, providing peace of mind and convenience.
7. Proactive Body Corporate: The complex is supported by a proactive Body Corporate, ensuring that the property is well-maintained and managed.
8. Long agreement term: The complex has a long agreement term of 21 years remaining, providing stability and potential for long-term growth.
9. Manager's apartment included: The sale of the complex includes a spacious and well-appointed manager's apartment, providing a comfortable living space for the owners.
10. Mixed complex with potential for growth: The complex has a mix of owner-occupied and holiday let units, providing potential for growth and diversification of income streams.
Management Rights Multiplier: 5.14
ROI Estimate: 19.46%
