Key Investment Insights
1. Turnkey management rights business, positioned for immediate income generation with established systems and highly rated guest services.
2. Strong profitability, reported net profit of $321,639, with additional remuneration/body corporate salary of $85,022.
3. Sale structure split between management rights and manager unit, priced at $1.107M for the management rights and $1.55M for the unit, total $2.65M.
4. Manager apartment is high value, 4 bedrooms, 2 bathrooms and 2 car spaces, listed at $1,550,000.
5. Prime central Caloundra location, immediate access to restaurants, cafes, boutiques and the Caloundra Sunday Markets, multiple beaches a short stroll away.
6. Exceptional repeat business and consistent occupancy, first time visitors frequently convert to return guests due to apartment size, quality and value.
7. Strong year round demand supported by Caloundra’s busy events calendar, music festivals, markets and seasonal attractions, plus reliable tourist and local visitation.
8. Diverse market reach via public transport access and tour operator pickups, supporting both short stays and longer holiday bookings.
9. Complex is a resort/holiday type with 36 total units, 10 units in the letting pool, 16 owner occupied units and 7 lockup units.
10. Long agreement term, 25 years originally with 23 years remaining, providing long term operational security.
11. Clear upside opportunities through targeted revenue management, improved distribution and direct-booking initiatives, and selective property enhancements to lift rates and ancillary revenue.
Management Rights Multiplier: 3.42
ROI Estimate: 12.14%