Key Investment Insights
AI generated. Confirm details with the seller.
1. Total asking price of $2.5 million includes management rights and the manager’s residence, with an advertised return of approximately 19%.
2. Reported net profit increased from $453,000 to $472,773 during the listing period.
3. Body corporate remuneration of $189,369 provides a substantial income component.
4. Full 25 year management agreements remain in place.
5. Prime Eurong location bordering Seventy Five Mile Beach on World Heritage listed K’gari, which attracts over 1.1 million visitors annually.
6. The island’s only fully self contained holiday accommodation venture comprised entirely of standalone beach houses.
7. The complex includes 27 beach houses, with 18 in the letting pool and another expected shortly.
8. Two additional dwellings have construction approval, supporting future accommodation growth.
9. Six units are managed by outside agents, with potential to expand the letting portfolio.
10. The manager’s residence includes three bedrooms, three bathrooms and two car spaces, valued at $850,000.
11. Limited commercial accommodation and competition support the business’s distinctive market position.
12. Migrating humpback whales pass directly in front of the complex, adding a seasonal guest attraction.
Management Rights Multiplier: 3.49
ROI Estimate: 18.91%