Key Investment Insights
AI generated. Confirm details with the seller.
1. Reported net profit of $472,773, up from $453,000 when advertised, with circa 19% ROI stated.
2. Total asking price of $2.5 million comprises $1.65 million for management rights and $850,000 for the manager’s residence.
3. Full 25 year agreements remain, with annual body corporate remuneration of $179,040.
4. Prime Eurong location bordering Seventy Five Mile Beach on World Heritage listed K’gari, attracting over 1.1 million visitors annually.
5. Described as the island’s only fully self contained holiday accommodation venture comprised entirely of standalone beach houses.
6. Complex comprises 27 beach houses, with 18 currently in the letting pool and another expected shortly.
7. Two additional dwellings have construction approval, supporting future expansion.
8. Six units are externally managed, presenting a stated opportunity to expand the letting portfolio.
9. Manager’s residence includes three bedrooms, three bathrooms and two car spaces, supporting an onsite island lifestyle.
10. Straightforward operational model offers appeal for newcomers to management rights and experienced operators.
Management Rights Multiplier: 3.49
ROI Estimate: 18.91%