Key Investment Insights
1. Waterfront lifestyle location in Burleigh Waters, minutes from Burleigh Beach and James Street dining and cafes, high lifestyle appeal.
2. No set office hours, offering genuine lifestyle ownership and flexibility.
3. Long agreement security, 25 year term with 19 years remaining, provides confidence for incoming operator.
4. Strong financials, net profit $210,094 per annum.
5. Significant body corporate remuneration, $139,891 in manager salary.
6. Sale structure and price clear, management rights $830,000 plus manager unit $720,000, total $1.55 million.
7. Manager's unit is a well appointed 2 bedroom, 2 bathroom apartment valued at $720,000, currently tenanted for immediate rental income.
8. Complex scale supports revenue, 80 total units with 26 in the letting pool.
9. Owner occupancy and outside agent presence indicate market depth, 30 owner occupy units and 24 outside agent units.
10. Permanent complex type, implying long term residential stability.
11. Convenient transport and amenities access, close to Stocklands Shopping Centre, top schools, and M1 for travel to Brisbane and Coolangatta.
12. Strong lifestyle market positioning in a tightly held, highly desirable Gold Coast suburb, suitable for first time buyers or experienced operators.
Management Rights Multiplier: 3.95
ROI Estimate: 25.31%