Key Investment Insights
AI generated. Confirm details with the seller.
1. Asking price of $1,775,000, with reported net profit of $204,000 and body corporate remuneration of $80,000.
2. New 25 year accommodation agreements provide a long contractual term.
3. Burleigh Heads location just steps from the beach, with light rail and public transport at the front of the complex.
4. Established returning guest clientele supports repeat holiday bookings.
5. Complex comprises 36 apartments, with 17 currently in the letting pool.
6. Spacious family apartments feature full kitchens, generous bedrooms and easy access to resort facilities.
7. Guest facilities include a heated outdoor pool, spa, barbecue area and secure underground parking.
8. Manager’s apartment valued at $1,000,000 includes three bedrooms, two bathrooms, spacious living areas and access to the pool and gardens.
9. Office on title, secure storage, one manager’s car space and permission for pets add practical ownership benefits.
10. Boutique shopping, international restaurants, theme parks and the Gold Coast hinterland are within easy reach.
Management Rights Multiplier: 3.80
ROI Estimate: 11.49%