Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit reported at $192,000, with additional remuneration/body corporate salary of $69,000, indicating positive cashflow for an operator.
2. Manager’s apartment valued at $1,000,000, offering significant on‑balance sheet asset and on‑title office; 3 bedrooms and 2 bathrooms.
3. Manager’s apartment includes direct access to pool and garden, fully equipped kitchen, spacious lounge and dining, secure underground parking and storage.
4. Prime location in Burleigh Heads, described as steps from one of the Gold Coast’s most beautiful beaches, supporting strong demand and guest appeal.
5. Complex comprises 40 units, with 18 units (approximately 45 percent) currently in the letting pool, indicating scope to increase lettable inventory and revenue.
6. Existing 25‑year accommodation agreement with 20 years remaining, providing long‑term operational continuity for the letting pool.
7. Resort facilities include a heated outdoor pool, spa and BBQ area, enhancing guest experience and length of stay potential.
8. Secure underground parking and close proximity to public transport and light rail at the front of the complex, improving accessibility for guests.
9. Returning guest base highlighted, supporting stable occupancy and repeat business.
10. Property described as dated, implying clear upside through refurbishment and modernisation to drive higher rates and net profit.
11. Strong leisure catchment with nearby boutique shopping, international restaurants, world‑class theme parks and Gold Coast hinterland attractions, supporting year‑round demand.
12. Manager’s unit and partial letting pool structure create combined lifestyle and investment proposition with potential to formalise long‑term agreements and uplift income.
Management Rights Multiplier: 4.27
ROI Estimate: 10.55%
