Key Investment Insights
AI generated. Confirm details with the seller.
1. High net profit of $436,261, indicating strong earnings for investors.
2. Manager remuneration/body corp salary $81,702, reviewed annually to CPI, providing predictable management compensation.
3. Long secured agreement, 25 years remaining, offering long-term revenue stability.
4. 32-apartment complex with 24 units in the letting pool, demonstrating scale and available inventory for holiday letting.
5. Recent multi-year upgrades and a proactively maintained building, reducing immediate capex risk for new owners.
6. Manager’s modern 2-bedroom, 2-bathroom on-title apartment valued at $1,300,000, includes office and beachfront outdoor entertaining space.
7. No set office hours, implying flexible, low-overhead operational model for managers.
8. Exceptional location at Rainbow Bay, Coolangatta, directly across Snapper Rocks, offering premium ocean and surf views that drive demand.
9. Close proximity to cafes, restaurants and only 10 minutes to Gold Coast Airport, enhancing marketability to tourists.
10. Strong repeat bookings and established systems in place, supporting reliable occupancy and guest retention.
11. On-site amenities include pool, spa, sauna, tennis court, games room, BBQ area, pay TV and WiFi, increasing guest appeal and ancillary revenue potential.
12. Limited competing units in letting pool and presence of owner-occupy and outside-agent units, suggesting a balanced mix of tenure types and potential for yield optimisation.
Management Rights Multiplier: 5.20
ROI Estimate: 12.23%
