Key Investment Insights
AI generated. Confirm details with the seller.
1. 21-apartment, three-level walk-up holiday complex provides scale and multi-unit revenue potential, with 12 units actively in the letting pool including nine short-term and three permanent lets.
2. Immediate cashflow opportunity, letting pool income can be leveraged from day one.
3. Reported net profit of $140,692, with additional remuneration/body corporate salary of $36,126, indicating established financial performance.
4. Two purchase pathways, business-only asking price $425,000 or total business with manager unit $1,200,000, offering buyer flexibility.
5. Long-term Accommodation Module agreement in place, 25-year term with 24 years remaining, providing management stability and transferable operating rights.
6. Each apartment is two-bedroom and well equipped, featuring kitchens, air conditioning, ceiling fans and private balconies, supporting strong guest appeal and comfortable stays.
7. Resort-style onsite amenities including tropical gardens, a heated pool and a spa, enhancing guest experience and return-booking potential.
8. Option to acquire the manager’s residence, enabling hands-on management and on-site oversight if desired.
9. Prime beachfront-adjacent location mere metres from Bulcock Beach, with close access to the newly developed multi-million dollar Waterfront boardwalk and neighbouring Kings Beach, increasing tourist draw.
10. Operational structure details supportive of management, including four owner-occupy units, three outside agent units, two lockup units, and an established letting pool split.
