Key Investment Insights
1. Highly sought-after holiday destination on the Gold Coast.
2. Consistently ranks as a top performer in the holiday accommodation sector.
3. Impressive net profit of over $1.1 million annually.
4. Well-established letting pool of 69 fully self-contained apartments.
5. Robust expense allocation for professional contractors covering cleaning, maintenance, and front office operations.
6. Highly attractive Body Corporate salary of $245k.
7. First-class resort facilities including a heated swimming pool, spa, sauna, tennis court, BBQ area, and secure underground parking.
8. Beautifully renovated two-bedroom manager's residence with panoramic ocean views.
9. Premier opportunity for an experienced operator or investor.
10. Iconic coastal location.
11. Net profit of $1,166,337.
12. Property Code: 62.
13. Total price of $8,430,000.
14. Remuneration/Body Corp Salary of $240,000.
15. Annual CPI salary review.
16. Manager's unit valued at $1,500,000.
17. 2 bedrooms, 1 bathroom, 1 car space.
18. Office on title.
19. Pets allowed.
20. Complex type: Holiday.
21. Total units in complex: 129.
22. Total units in letting pool: 68.
23. Agreement module: Standard.
24. Agreement term: 10 years.
25. Agreement term remaining: 10 years.
26. Resort facilities include a pool, spa, sauna, tennis court, and BBQ area.
Management Rights Multiplier: 5.90
ROI Estimate: 16.95%