Key Investment Insights
1. Boutique management rights business in central Byron Bay, five-minute walk to town centre and minutes to Belongil Beach, prime holiday location.
2. Strong financials, reported net profit $279,300, sale price $2,293,086.
3. Manager’s apartment valued at $1,100,000, renovated two-bedroom with one bathroom and one car space.
4. No requirement to live onsite, allowing the manager’s unit to be included in the holiday pool, generating over $50,000 additional income not reflected in the P&L.
5. Low caretaking burden and no set office hours, suited to owner-operators seeking lifestyle flexibility.
6. Complex comprises 16 units, with 15 one-bedroom apartments in the letting pool and one manager unit.
7. Long-term, standard agreement in place, ten-year term remaining, providing revenue stability.
8. Body corporate salary review linked to CPI annually, offering predictable increases.
9. Proven, consistent performer attracting high-end clientele year-round in one of Australia’s hottest holiday markets.
10. Onsite amenities include a pool, BBQ area and WiFi, enhancing guest appeal and yield.
11. Manager unit includes exclusive-use office and is pet-friendly, increasing operational convenience and marketability.
12. Opportunity to capture additional revenue and capital upside through holiday pool inclusion and high local property values.
Management Rights Multiplier: 4.27
ROI Estimate: 23.41%
