Key Investment Insights
AI generated. Confirm details with the seller.
1. Listing describes a caretaker and letting business for a 39‑unit complex, indicating combined revenue streams from caretaking and unit letting.
2. Net profit is $91,000, providing a clear profitability benchmark for investors.
3. Remuneration or body corporate salary is $76,300, showing a substantial owner/operator income component separate from net profit.
4. Agreement is long‑dated at 25 years with 16 years remaining, offering long‑term contractual stability.
5. Agreement module specified as accommodation, indicating the letting operations are formally structured for short‑stay or residential accommodation management.
6. Only 11 of 39 units are currently in the letting pool, signalling a material opportunity to grow letting income by increasing pool participation.
7. Property is described as dated, implying potential upside through refurbishment or repositioning to increase yield.
8. No requirement to live onsite and no office hours, suggesting low owner time commitment and flexibility in management arrangements.
9. Motion in place for a top up, indicating there is an active mechanism to increase remuneration or fees subject to approval.
10. Strong location appeal, close to quality public and private schools, restaurants, Nerang and Robina shopping precincts, and main routes to Coolangatta and Brisbane.
11. Onsite amenities include a pool, spa and tennis court, enhancing guest appeal and potential premium pricing.
