Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime beachfront location in Coolangatta, every apartment has a direct beach view, one of only a handful of buildings on the Gold Coast with this distinction.
2. High reported net income of approximately $807,750 per annum, indicating strong cashflow generation.
3. Business value quoted at $4,927,275, with the managers apartment separately valued at $1,300,000, clarifying price composition.
4. Manager’s residence is a dual-key 3 bedroom unit with 3 bathrooms and 2 car spaces, providing live/work flexibility and potential additional rental options.
5. Long-term stability from a 20 year agreement term, supporting recurring revenue predictability.
6. Significant owner remuneration/body corporate salary of $330,171, representing a material component of total owner benefit.
7. Complex is a holiday-type property with 116 total units, positioning the asset in the tourism/leisure market.
8. Letting pool comprises 54 of the 116 units, approximately 46% of the complex, indicating a substantial managed inventory for revenue generation.
9. Tightly held asset status suggests limited market supply and potential scarcity value for buyers.
10. Opportunity to live, work and play on-site, enhancing lifestyle appeal for an owner-operator.
