Key Investment Insights
AI generated. Confirm details with the seller.
1. Asking price $1,950,000, net profit $259,300, implying a price-to-earnings multiple of approximately 7.5x.
2. Owner/manager remuneration or body corporate salary $234,100, which is the majority of reported net profit.
3. Two adjoining permanent complexes on medium acreage, managed under a single Body Corporate, offering operational scale and adjacency benefits.
4. Long-term accommodation agreement, 25-year term with 24 years remaining, providing contract stability and predictable occupancy framework.
5. Total of 124 units in the complexes, with only 13 units currently in the letting pool, indicating scope to expand managed revenue.
6. Manager’s townhouse on title valued at $660,000, three bedrooms, two bathrooms, separate laundry, air-conditioned, large backyard, living over two levels.
7. On-title reception/office plus a large meeting room, supporting on-site administration and guest services.
8. Facilities include pool, spa and BBQ area, enhancing guest appeal and competitive positioning.
9. One lock-up garage plus additional secure parking, and pets are permitted, improving tenant flexibility and asset appeal.
10. Flexible working and living arrangements, ability to appoint a nominee, and contactable working arrangements, facilitating operator transition or absentee ownership.
11. Prime Carrara location near public and private schools, restaurants, well known golf courses, sporting precincts, Nerang and Robina shopping precincts, main access routes to Coolangatta and Brisbane, and reasonable proximity to Nerang rail station.
Management Rights Multiplier: 4.97
ROI Estimate: 13.30%