Key Investment Insights
1. Prime Rainbow Bay location at the southern tip of the Gold Coast, short stroll to cafes, restaurants, clubs and shops of Coolangatta and Tweed Heads.
2. Area attraction from major sporting events, concerts and world renowned surf breaks, supporting strong holiday demand.
3. Holiday complex of 36 units, with 18 units in the letting pool, 10 owner-occupied units, 4 managed by outside agents, and 3 lockup units, indicating a mixed but stable accommodation profile.
4. Strong repeat business specifically noted, suggesting reliable occupancy and revenue from returning guests.
5. Full 25-year accommodation management agreement in place, with the full 25 years remaining, offering long-term contract security.
6. Priced to sell at $1,615,000 with the listing emphasising a low multiplier, indicating potential upside for investors.
7. Net profit of $221,798, providing a clear current earnings baseline.
8. Managers remuneration/body corp salary $57,092, reviewed annually by CPI, clarifying guaranteed income components and indexed increases.
9. Manager’s residence included, valued at $685,000, a 2-bedroom, 2-bathroom ground-floor apartment with private courtyard, 1 car space and on-title office, enhancing owner convenience and asset value.
10. Operational ease highlighted by no set office hours, marketed as an easy-to-run complex supporting a favourable work–life balance.
11. On-site guest amenities include pool, spa, BBQ area and WiFi, aligned with holiday market expectations.
12. Boutique scale and tightly held location in Rainbow Bay imply limited supply and potential for premium seasonal rates.
Management Rights Multiplier: 4.19
ROI Estimate: 23.85%
