Key Investment Insights
1. Price $1,795,000, listed net profit $327,230, indicating a strong cashflow relative to sale price.
2. Manager remuneration $83,429, body corporate salary reviewed annually by CPI, providing indexed income.
3. Manager’s apartment absolute beachfront with uninterrupted ocean views, value stated at $725,000.
4. Manager’s residence and on-title office are beachfront, approximately 20 metres to the sand, enabling true work-by-the-sea lifestyle.
5. Managers are not required to live on site, current managers rent out the apartment and that rental revenue is excluded from the net profit.
6. Agreement is a standard management module with a 10 year term, 10 years remaining, offering contractual stability.
7. Complex is a holiday property of 45 total units, 26 units in the letting pool, 8 owner-occupied, 4 outside agent units, 5 lockup units.
8. Onsite guest amenities include a pool, BBQ area and WiFi, supporting holiday demand and guest satisfaction.
9. Manager’s apartment is a spacious 2 bedroom, 1 bathroom with 1 car space and pets allowed, suitable for couples or owner-operators.
10. Location in Cairns Northern Beaches offers relaxed village atmosphere, coastal walks, cafés and local shops, with a short drive to Cairns city and airport.
11. Opportunity combines lifestyle appeal with established operational structure, making it suitable for owner-operators or couples seeking a sea-change.
Management Rights Multiplier: 3.27
ROI Estimate: 18.23%