Key Investment Insights
1. Price $1,820,000, net profit $195,000, implying an approximate pre-tax return on asking price of about 10.7 percent.
2. Manager’s apartment valued at $1,000,000 is on title, providing a significant owner-occupier asset and capital value within the sale.
3. Large on-site manager’s unit, three bedrooms and two bathrooms, with office on title, secure parking and direct access to pool and garden, supports onsite management and reduced operating friction.
4. Established holiday complex in Burleigh Heads, described as a “great returning guest complex”, indicating repeat-business strength and existing demand.
5. Prime location steps from the beach, with easy access to boutique shopping, international restaurants, theme parks and the hinterland, enhancing seasonal and year-round appeal.
6. Complex facilities include heated outdoor pool, spa and BBQ area, contributing to guest amenity and competitive positioning in holiday accommodation.
7. Secure underground parking and storage, plus public transport close to the front of the complex, improve guest convenience and accessibility.
8. Complex scale of 38 total units with 18 units in the letting pool, indicating room to increase lettable inventory and revenue by converting more units into the pool.
9. Long-term commercial framework, 25-year agreement term with 20 years remaining, provides operational stability and predictable revenue under the accommodation agreement module.
10. Clear upside opportunity cited to increase net profit and secure long-term agreements, signalling potential for active management or investment to enhance returns.
Management Rights Multiplier: 4.21
ROI Estimate: 23.78%