Key Investment Insights
1. Prime location in the highly sought after Rainbow Bay area of the Gold Coast, with easy access to cafes, restaurants, shops, and major sporting events.
2. Strong repeat business, indicating a high level of customer satisfaction and potential for future growth.
3. Low multiplier and easy to run, making it an attractive option for potential buyers looking for a work-life balance.
4. Full 25-year agreement in place, providing stability and security for the business.
5. No set office hours, allowing for flexibility and potential for additional income streams.
6. Net profit of $209,163, indicating a profitable and successful business.
7. Manager's 2-bedroom, 2-bathroom apartment on the ground floor with a private courtyard, 1 car space, and attached office.
8. Complex information includes a total of 36 units, with 18 in the letting pool and 10 owner-occupied.
9. Agreement module is Accommodation with a term of 25 years remaining.
10. On-site amenities such as a pool, spa, BBQ area, and WIFI, providing additional value for guests.
Management Rights Multiplier: 3.80
ROI Estimate: 26.31%