Clifton Beach, Queensland

Perfect in Paradise

$998,000

Business Description

Beautiful beachfront property with all apartments enjoying seafront views.
Excellent ROI and very low multiplier.

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: $998,000 Net Profit: $127,293 Remuneration / Body Corp Salary: $55,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $790,000Bedrooms: 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. Price $998,000, net profit $127,293, indicating strong cashflow relative to purchase price and a very low multiplier.
2. Excellent ROI and motivated vendors, suggesting potential for a quick transaction and upside.
3. Nine of 16 apartments in the letting pool, six owner-occupiers, providing a mixed income and occupancy profile.
4. Consistent occupancies with long average stays, supporting stable revenue and reduced turnover costs.
5. All two‑bedroom apartments are fully self-contained and furnished to high standards, can be let as one or two bedrooms, offering rental flexibility.
6. Manager’s package includes a refurbished two‑bedroom, two‑bathroom apartment valued at $790,000, plus $55,000 remuneration, with CPI annual reviews.
7. Agreement term 25 years with 19 years remaining, providing long‑dated accommodation management rights.
8. Complex amenities include pool, spa, sauna, BBQ area and WiFi, enhancing guest appeal and yield potential.
9. Easy two‑person management model, suitable for retirees, new operators, or those seeking a secondary income.
10. No residential obligation and no set office hours, offering operational flexibility for owners and managers.
11. Manager’s apartment includes office on title, one car space, pet friendly status, and a patio spa, adding value to the manager package.
12. Well maintained, presented and described as a “happy building”, indicating low immediate capex and strong guest satisfaction potential.

Management Rights Multiplier: 1.63
ROI Estimate: 61.20%