Key Investment Insights
1. Price $2,700,000 with Nett profit $320,000, indicating a strong current return on investment.
2. Manager remuneration and body corporate salary $75,000, with annual CPI review, providing indexed income stability.
3. Valuable on-title manager’s apartment valued at $1,200,000, three bedrooms, two bathrooms, adjoining office, balcony, abundant storage, one car space and pets permitted.
4. Long management agreement in place, 25 year term with 24 years remaining, offering secured recurring income and operational continuity.
5. Compact 32-unit holiday complex with 26 units in the letting pool, enabling meaningful revenue scale while remaining manageable.
6. High-appeal beachfront location with direct views to Coolum Beach, steps to sand, restaurants and shops, supporting strong demand and premium rates.
7. Resort-style facilities including a 25 metre heated pool, mini golf, steam room/sauna, children’s playground and BBQ area, enhancing guest experience and rate justification.
8. Existing strong performance with clear growth opportunities through dynamic pricing, direct booking optimisation and enhanced social media and marketing strategies.
9. Accommodation agreement module already structured for holiday lettings, simplifying operational compliance and guest management.
10. Limited external competition within the complex, only one outside agent and three owner-occupy units, aiding consistent pool availability.
11. Practical lifestyle business, described as easily managed for a beach lifestyle, likely attractive to owner-operators seeking work–life balance.
12. Positioned as a once-only opportunity in a high-demand Queensland destination, likely to attract quick purchaser interest.
Management Rights Multiplier: 4.69
ROI Estimate: 21.33%