Key Investment Insights
1. The business is a prestigious holiday complex located in a prime position on the Southern Gold Coast.
2. The complex features spacious, north facing, fully self-contained apartments with stunning ocean views.
3. The building has undergone multiple upgrading projects and is well-maintained.
4. The complex has a total of 32 apartments, with 24 in the letting pool.
5. The business has high net profit and excellent systems in place.
6. There are no set office hours for the managers.
7. The complex is in a prime location, close to popular cafes and restaurants and only 10 minutes from Gold Coast Airport.
8. The managers apartment is a modern 2-bedroom, 2-bathroom unit with ocean views.
9. The complex has a pro-active Body Corporate.
10. The business has great repeat bookings.
11. The net profit for the business is $436,261.
12. The complex is located in Rainbow Bay, Coolangatta on the Southern Gold Coast.
13. The managers unit is a renovated, spacious, and light-filled ground floor unit with a beautiful outdoor entertaining area.
14. The complex is a holiday type with a total of 32 units, 24 of which are in the letting pool.
15. The agreement module is Accommodation with a term of 25 years.
16. The complex has a range of facilities including a pool, spa, sauna, tennis court, games room, BBQ area, pay TV, and WIFI.
17. The complex is pet-friendly.
18. The managers unit is valued at $1,300,000.
19. The owners occupy 3 units, there is 1 outside agent unit, and 3 lockup units.
20. The agreement term remaining is 25 years.
Management Rights Multiplier: 5.20
ROI Estimate: 19.23%
