Clifton Beach, Queensland

Perfect in Paradise

$1,090,000

Business Description

Beautiful beachfront property with all apartments enjoying seafront views.

Very popular and enjoying consistent occupancies with long average stays.

Excellent management results with all two bedroom fully self-contained apartments furnished to high standards. Can be let as 1 or 2 brms.
Nine apartments are in the rental pool and there are six owner occupiers.

This is a happy building, well-maintained and presented.

It offers easy two-person management, ideal for retirees or new entrants to the industry, or those seeking a secondary income.

There is no residential obligation and no set office hours.

Manager has an upmarket, two-bedroom, two bathroom, fully renovated apartment with superb ocean views.

Vendors are motivated, so don't delay.

Business Summary

Business Snapshot

Price: $1,090,000 Net Profit: $127,293 Remuneration / Body Corp Salary: $54,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $780,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Spacious and very upmarket, recently refurbished 2 bedroom, 2 bathroom apartment with office plus spa on the patio.

Complex Information

Complex Type: HolidayTotal Units in Complex: 16Total Units in Letting Pool: 9Owner Occupy Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesSauna: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Beachfront property with all apartments enjoying seafront views.
2. Consistent occupancies with long average stays.
3. Excellent management results with high standards of furnishing.
4. Can be let as 1 or 2 bedroom apartments.
5. Nine apartments in the rental pool and six owner occupiers.
6. Well-maintained and presented building.
7. Easy two-person management, ideal for retirees or new entrants to the industry.
8. No residential obligation and no set office hours.
9. Manager's unit is a spacious and upmarket 2 bedroom, 2 bathroom apartment with office and spa.
10. Vendors are motivated to sell.
11. Net profit of $127,293 and remuneration/body corp salary of $54,000.
12. Manager's apartment valued at $780,000.
13. Complex is a holiday type with 16 units in total.
14. 9 units in the letting pool and 6 owner occupied units.
15. Agreement module is accommodation with 25 years remaining.
16. Complex amenities include a pool, spa, sauna, BBQ area, and WIFI.

Management Rights Multiplier: 2.44
ROI Estimate: 41.06%