Key Investment Insights
AI generated. Confirm details with the seller.
1. $1.75 million asking price includes a business valued at $1.025 million and a $725,000 manager’s apartment.
2. Reported net profit of $327,230, a 3.1x multiplier and 32% return on investment.
3. Manager remuneration or body corporate salary is $83,429, with annual CPI reviews.
4. Absolute beachfront manager’s apartment and office provide uninterrupted ocean views and beach access within 20 metres.
5. The manager is not required to live onsite, and the apartment is currently let separately from reported net profit.
6. Established holiday complex with 45 units, including 25 in the letting pool and eight owner occupied units.
7. Ten year standard agreement term is stated with 10 years remaining.
8. Two bedroom, one bathroom manager’s apartment includes one car space and is on title.
9. Facilities include a swimming pool, barbecue area and Wi Fi.
10. Located in Cairns Northern Beaches, with cafés, shops and coastal walks nearby, plus access to Cairns city and airport.
Management Rights Multiplier: 3.13
ROI Estimate: 18.70%