Key Investment Insights
1. Asking price $1,800,000, reported net profit $192,900, implying an approximate pre-tax return on purchase price of 10.7 percent.
2. Prime Burleigh Heads location, described as steps from the beach, supporting strong holiday demand and repeat visitation.
3. Established returning-guest complex, explicitly noted as providing lifestyle appeal and potential to increase net profit.
4. Long-term contractual backbone, 25-year agreement term with 20 years remaining, offering income stability.
5. Manager’s apartment on title valued at $1,000,000, 3 bedrooms and 2 bathrooms, representing a substantial asset included in the sale.
6. Manager’s unit provides on-site operational convenience, with office on title, direct access to pool and garden, storage and secure underground parking.
7. Resort-style facilities include heated outdoor pool and spa, BBQ area and secure underground parking, enhancing guest experience and tariff potential.
8. Complex scale 38 total units with 18 units in the letting pool, indicating immediate income with room to expand letting pool participation.
9. Apartments are family-sized with full kitchens and spacious bedrooms, suitable for longer stays and higher per-night rates.
10. Excellent access to transport, boutique shopping, international restaurants, theme parks and hinterland attractions, supporting year-round occupancy.
Management Rights Multiplier: 4.15
ROI Estimate: 10.72%