Key Investment Insights
1. The holiday complex is located in a prime position on the Southern Gold Coast, with stunning ocean views and the famous Snapper Rocks surf break right at the doorstep.
2. The building consists of 32 apartments, 24 of which are in the letting pool, providing a high occupancy rate.
3. The complex has undergone several upgrading projects in the past 7 years, making it well-maintained and attractive to guests.
4. The business has a high net profit, excellent systems in place, and no set office hours.
5. The managers' apartment is modern and spacious, with ocean views and a great outdoor entertaining area.
6. The complex is located in Rainbow Bay, Coolangatta, a popular tourist destination with easy access to popular cafes and restaurants.
7. The complex offers a range of facilities, including a pool, spa, sauna, tennis court, games room, BBQ area, pay TV, and WIFI.
8. The business has a topped-up 25-year agreement, providing long-term stability for the new owners.
9. The complex has a pro-active Body Corporate, ensuring the building is well-maintained.
10. The complex has a great reputation and a high level of repeat bookings.
Management Rights Multiplier: 5.20
ROI Estimate: 19.23%