Key Investment Insights
1. Prime location in one of the best positions on the Southern Gold Coast, with stunning ocean views and direct access to the famous Snapper Rocks surf break.
2. 32 spacious, north-facing 2-bedroom ensuite apartments, with 24 in the letting pool.
3. Recent upgrades and proactive management by the Body Corp have resulted in a well-presented and maintained building.
4. Long agreements with 22 years remaining, providing stability and security for the new managers.
5. No set office hours, allowing for a flexible and relaxed lifestyle.
6. Excellent modern 2-bedroom managers apartment with ocean views and outdoor entertaining space.
7. Strong repeat business with 45% of rooms already booked for 2023.
8. Net profit of $464,000, with potential for further growth.
9. Facilities include a pool, spa, sauna, tennis court, games room, and BBQ area, providing guests with a range of amenities.
10. Outstanding buying opportunity for a high net profit holiday complex in a sought-after location.
Management Rights Multiplier: 5.20
ROI Estimate: 19.23%