Key Investment Insights
Key Insights:
- Mixed management rights for sale in a beachfront location at Australia's No.1 beach in 2020.
- Ideal for first-time accommodation operators or experienced couples looking for a seaside lifestyle.
- Renovated ground floor 2 bed manager's apartment with 2 balconies.
- Onsite facilities include low maintenance grounds, gardens, pool, and BBQ area.
- 9 holiday rental properties and 4 permanently rented units.
- Located opposite 3 beaches and within walking distance to restaurants and shops.
- 7 minutes drive to the new Tweed Coast Hospital and specialist medical center.
- The Tweed Coast is experiencing increased tourism numbers and capital growth.
- Potential for further growth by adding externally let holiday properties.
- Main clientele are couples on short drive weekend getaways and families on holidays.
- Net profit of $174,105 and asking price of $1,317,315 (inclusive of manager's real estate).
- Manager's apartment valued at $795,000 with 2 bedrooms, 1 bathroom, and 2 car spaces.
- Complex type is mixed with a total of 33 units, 13 in the letting pool, and 11 owner-occupied units.
- 10-year agreement term with 10 years remaining.
- Onsite facilities include a pool, spa, BBQ area, and WIFI.
Management Rights Multiplier: 3.00
ROI Estimate: 33.33%