Key Investment Insights
1. Priced at $1,615,000 with net profit $221,798, offered at a low multiplier and described as priced to sell.
2. Includes a high value managers apartment valued at $685,000, 2 bedrooms, 2 bathrooms, private courtyard, 1 car space, office on title, pets allowed.
3. Full 25 year accommodation agreement in place, 25 years remaining, providing long term contractual stability.
4. Body corporate salary $57,092 with annual CPI review, separate from net profit figure.
5. Operated with no set office hours, described as easily run and suitable for work life balance.
6. Complex is holiday type, tightly held Rainbow Bay location at the southern tip of the Gold Coast, close to Coolangatta and Tweed Heads amenities.
7. Strong repeat business attributed to popularity of Rainbow Bay, proximity to world renowned surf breaks and major events.
8. Total of 36 units, with 18 in the letting pool, 10 owner occupy units, 4 outside agent units and 3 lockup units, indicating mixed revenue streams and occupancy structure.
9. Onsite amenities include pool, spa, BBQ area and WiFi, supporting holiday market appeal.
10. Managers unit is on title, providing secure tenure and integrated office space for operations.
11. Ground floor managers apartment improves accessibility and guest oversight, enhancing operational convenience.
Management Rights Multiplier: 4.19
ROI Estimate: 23.85%
