Key Investment Insights
1. The property is well located within the city fringe and is popular with both domestic and international visitors.
2. The property has been running at record high occupancy in 2022 and has confirmed forward bookings for 2023.
3. The property performs strongly on booking sites and is experiencing market-beating growth in forward bookings and daily rates.
4. The property is suitable for both long and short term letting, providing potential for additional income during quieter times.
5. The property features an excellent barbecue and pool area, which is popular with residents.
6. The manager's apartment has an attached reception and office on title.
7. The gardens and grounds are easily maintained with bore water irrigation.
8. The current managers are motivated for a sale and the business is well-priced.
9. The business offers an excellent salary of over $100,000 and has top agreements with 20 years remaining.
10. There is potential for further business growth by retrieving units from outside agencies.
11. The managers apartment has a value of $350,000 and includes 3 bedrooms, 2 bathrooms, and 1 car space.
12. The complex is classified as a holiday complex and has a total of 41 units.
13. There are currently 11 units in the letting pool, with 14 owner-occupied units and 15 units managed by outside agents.
14. The agreement module is accommodation and has a term of 25 years, with 20 years remaining.
15. The complex features a pool, BBQ area, pay TV, and WIFI.
Management Rights Multiplier: 2.99
ROI Estimate: 20.41%
