Key Investment Insights
1. Listed price structured as $1.860M for management rights plus $750k for the managers unit, total $2.610M.
2. Strong reported net profit of $472,773, up from $453,000 at start of advert, indicating recent earnings growth.
3. Manager remuneration and body corporate salary combined at $189,369, separate from net profit.
4. Only fully self-contained holiday accommodation on Fraser Island, comprised entirely of 27 standalone beach houses, unique competitive position.
5. Letting pool currently 18 of 27 units, with another unit coming into the pool shortly, creating immediate revenue upside.
6. Development upside with 2 new dwellings approved for construction, providing built-in growth and long-term asset value enhancement.
7. Secure long-term income via full 25-year agreements, with 25 years remaining.
8. High occupancy profile of approximately 80%, supporting consistent income potential.
9. Prime location bordering Seventy-Five Mile Beach in Eurong, K’gari–Fraser Island, a UNESCO World Heritage site attracting over 1.1 million visitors annually.
10. Strong demand drivers from eco-tourism, limited commercial accommodation on the island, and unique natural attractions such as Humpback whale migration directly in front of the complex.
11. Operational mix includes 1 owner-occupy unit, 6 outside agent units, and 1 lockup unit, indicating scope to optimise management income and expand in-house control.
12. Simple hospitality/resort operational model and lifestyle appeal, offering a work/life balance that supports owner-operator living onsite in a three-bedroom, three-bathroom managers apartment with two car spaces.
Management Rights Multiplier: 3.93
ROI Estimate: 18.11%