Key Investment Insights
1. Prime location in a highly sought-after holiday destination in Queensland
2. Well-established and successful business with high net profit of $677,000
3. Spacious and modern 2 and 3-bedroom apartments with stunning ocean views
4. 41 apartments in the letting pool, with potential for growth
5. Recent refurbishments have enhanced the overall presentation of the complex
6. Long 15-year agreement with no set office hours
7. Strong repeat business and a high percentage of direct bookings
8. Manager's apartment is a modern 2-level unit with ocean views and private outdoor space
9. Additional amenities such as a pool, tennis court, and WIFI for guests
10. Opportunity for further growth and potential to increase income through additional services or marketing strategies.
Management Rights Multiplier: 6.05
ROI Estimate: 16.52%