Key Investment Insights
1. Asking price $1,175,000, structured as $425,000 management rights and $750,000 manager’s unit.
2. Net profit $140,692, with manager remuneration/body corporate salary of $36,126.
3. Turnkey income potential, 12 of 21 apartments currently in the letting pool, including nine short-term and three permanent lets.
4. Long-term revenue security, 25-year Accommodation Module agreement with approximately 24 years remaining.
5. Manager’s apartment included as an option, valued at $750,000, configured as two bedrooms, two bathrooms and one car space.
6. All units are generous two-bedroom layouts with well-equipped kitchens, air conditioning and ceiling fans, supporting broad guest appeal.
7. Strong holiday-asset amenities, featuring tropical gardens, a heated pool and a spa that enhance guest satisfaction and occupancy potential.
8. Prime beachfront location mere metres from Bulcock Beach, with views of Pumicestone Passage and pool from private balconies.
9. Immediate access to high-traffic attractions, adjacent to the newly developed multi-million dollar Waterfront boardwalk and within walking distance of Kings Beach.
10. Operational clarity, with four owner-occupied units, three units managed by outside agents and two lockup units, allowing straightforward management planning.
Management Rights Multiplier: 3.02
ROI Estimate: 11.97%
