Key Investment Insights
- The property is located in a highly desirable and sought-after beachfront location, making it a popular destination for holiday and corporate clients.
- The business has a sizable letting pool, with 26 units in the pool, making it one of the largest in the area.
- The business has excellent networks in place and a high volume of repeat clients, ensuring a stable and consistent income.
- The property is easy to manage, with attractive and easily maintained grounds, and street frontage.
- The saltwater heated pool, shady gazebo, and BBQ area provide guests with a relaxing and enjoyable stay.
- The business has all the key ingredients to provide an excellent return on investment, time, and lifestyle objectives.
- The 10-year management agreement is easily toppable, providing long-term stability for the business.
- The motivated vendor is looking to fully retire, presenting an opportunity for a new owner to take over and continue the success of the business.
- The manager is approved to reside offsite, with substantial letting revenues for the manager's residence.
- The property is suitable as an add-on for a local management rights owner, who can leverage the residence under a rental arrangement, or for a couple team looking for a great semi-retirement business and lifestyle.
- The property boasts a range of amenities, including a tropical lap pool, lift, BBQ area, Wi-Fi, tour office, undercover parking, and landscaped gardens.
- The location is considered a blue-chip location, being voted as the World's Best Beach by Conde Nast in 2024.
- With the ability for the manager to live offsite, the manager's unit could fetch an additional $50,000 per year, bringing the return under management to around $350,000 and giving an overall yield on investment of 20%.
Management Rights Multiplier: 3.36
ROI Estimate: 29.80%
