Key Investment Insights
1. Prime beachfront location in the heart of Coolangatta, one of the Gold Coast’s most sought-after coastal areas.
2. Strong net income of approximately $853,000 per annum, indicating high cashflow potential.
3. Long-term stability from a 20-year management agreement, reducing short-term contract risk.
4. Tightly held asset described as a rare opportunity, suggesting limited market competition for acquisition.
5. Dual-key manager’s residence included, enabling on-site management and flexible living arrangements.
6. Manager’s apartment valued at $1,300,000 and included in total price, separating real estate and business valuation.
7. Business price of $5,288,600 with a total asking price of $6,588,600, providing clear split between business and real estate.
8. Manager remuneration listed at $330,171, representing a significant component of overall returns.
9. Large complex size with 116 total residences, supporting scale efficiencies in management operations.
10. Substantial letting pool of 62 units, representing approximately 53% of the complex and strong short-stay revenue exposure.
11. Complex classified as mixed, indicating a blend of residential and possibly short-stay or commercial usage.
12. Positioned as a live-work-play opportunity, enhancing appeal for owner-operators seeking lifestyle and income.
Management Rights Multiplier: 6.20
ROI Estimate: 12.95%
