Key Investment Insights
AI generated. Confirm details with the seller.
1. Rare opportunity to acquire a top performing holiday complex in a prime beachside location.
2. Short term holiday letting allows for flexibility and potential for higher profits.
3. 93 residential lots with a mix of 1, 2, 3, and 4 bedroom apartments, as well as 5 commercial lots.
4. Located opposite Coolangatta beachfront and within walking distance to restaurants, cafes, clubs, and shopping.
5. Excellent facilities and beautiful surroundings make this complex attractive to potential guests.
6. Strong net profit of $594,038 and remuneration/body corp salary of $212,031.
7. Managers unit valued at $1,660,000 with 3 bedrooms, 2 bathrooms, and 2 car spaces.
8. Separate office under a separate title valued at $210,000 and included in the value of the managers apartment.
9. Complex type is holiday with a total of 93 units, 25 of which are in the letting pool and 56 are owner-occupied.
10. Long agreement term of 25 years with 18 years remaining, providing stability and potential for long-term growth.
Management Rights Multiplier: 5.69
ROI Estimate: 11.79%
