Key Investment Insights
1. Direct waterfront position opposite a lagoon and the ocean, offering daily ocean and surf views from the complex.
2. Immediate beach and surf access across the road, enabling guest convenience and lifestyle appeal.
3. Backed by native Australian bush, offering a combination of coastal and natural bushland amenity.
4. Close proximity to attractions including restaurants, bars and the Currumbin Wildlife Sanctuary, enhancing tourism draw.
5. Resort facilities include pool, spa, sauna, a large entertainment area with BBQs, and a viewing platform with coastline views to Surfers Paradise.
6. Managers 2 bedroom, 2 bathroom apartment included, valued at $720,000, with a spacious lounge/dining area and on-title office.
7. On-title office leads to secure basement parking, providing functional management infrastructure and owner convenience.
8. Reported net profit $161,500, with remuneration/body corporate salary of $82,500, indicating current cashflow for an operator.
9. Complex comprises 36 units, with only 3 units in the letting pool and 21 owner-occupied units, indicating limited short-stay inventory and a high owner-occupier mix.
10. Property marketed as SOLD, but listing materials highlight strong lifestyle and tourism positioning for potential operators or investors.
Management Rights Multiplier: 4.71
ROI Estimate: 21.25%