Key Investment Insights
1. Prime location: The complex is situated just meters from the iconic Bulcock Beach, making it an attractive destination for holidaymakers.
2. High occupancy: With 11 apartments currently generating income in the lucrative letting pool and an additional one set to join in February, the complex has a high occupancy rate, allowing for immediate rental income.
3. Well-designed apartments: Each of the 21 spacious apartments is thoughtfully designed for ultimate comfort and convenience, with well-equipped kitchens, air conditioning, and private balconies.
4. Serene atmosphere: The property boasts beautiful tropical gardens, a sparkling heated pool, and a rejuvenating spa, creating a serene oasis for guests to unwind and embrace the Sunshine Coast lifestyle.
5. Accommodation Module agreement: The property comes with an Accommodation Module agreement, making management smooth and providing invaluable peace of mind.
6. Manager's residence option: For those seeking an active role in management, there is an enticing option to purchase the Manager's residence, perfect for overseeing the investment directly.
7. Proximity to popular destinations: The complex is conveniently located near popular destinations such as the newly developed 'Waterfront' boardwalk and Kings Beach, drawing visitors back time and again.
8. Strong net profit: With a robust net profit of $146,181, this holiday complex offers a lucrative investment opportunity for savvy investors.
9. Affordable asking price: With an asking price of just $1,170,000, this alluring holiday complex offers an incredible opportunity for investors looking to enter the thriving Sunshine Coast real estate market.
10. Experienced specialists: The sale is being handled by Ras360, specialists in motels, hotels, pubs, parks, and management rights, providing expertise and guidance throughout the purchasing process.
Management Rights Multiplier: 3.28
ROI Estimate: 30.45%
