Key Investment Insights
1. Located in one of the best positions on the Southern Gold Coast with stunning ocean views and the famous Snapper Rocks surf break at the doorstep.
2. 32 apartments in total, with 24 in the letting pool.
3. Recent upgrades and renovations have been completed, making the complex well-maintained and visually appealing.
4. High net profit and excellent systems in place.
5. No set office hours, providing flexibility for the managers.
6. Modern 2-bedroom, 2-bathroom managers apartment with ocean views.
7. Strong repeat business and high occupancy rates.
8. Long 25-year agreement in place.
9. Pro-active Body Corp.
10. Located in Rainbow Bay, Coolangatta, a popular tourist destination with a variety of amenities and attractions.
11. Directly across from one of the best surf beaches in the world.
12. Manager's apartment valued at $1,300,000.
13. Complex includes a pool, spa, sauna, tennis court, games room, BBQ area, pay TV, and WIFI.
14. Pet-friendly complex.
15. Close to popular cafes and restaurants.
16. Only 10 minutes from Gold Coast Airport.
17. Outstanding buying opportunity.
Management Rights Multiplier: 5.20
ROI Estimate: 19.23%