Key Investment Insights
1. Prime beachfront position, 10-storey property overlooking Forster Main Beach, about one hour from Port Macquarie and three hours from Sydney.
2. Portfolio of 23 deluxe self-contained apartments, with a strong letting pool controlling 20 units, supporting repeat bookings and revenue stability.
3. Reported net profit headline shown as $441,849 as at 31 January 2025, with an alternative snapshot figure of $414,849 in listing material.
4. Asking price $2,540,000, inclusive of manager’s apartment value quoted at $1,000,000.
5. Long secure agreements, standard module with a 10-year term and 10 years remaining, providing contract certainty.
6. Manager’s residence is a modern two-bedroom, two-bath apartment with wrap-around balcony, ground-level access, one car space and office on title.
7. Business described as systemised and low workload, indicating streamlined operations suitable for first-time or experienced operators.
8. On-site facilities include pool, spa and gym, enhancing guest appeal and letting potential.
9. Remuneration and Body Corporate salary disclosed as $62,108, supplementing net profit for operator income.
10. Strong lifestyle and tourism fundamentals, positioned in a growing Mid North Coast holiday hotspot with water-based activities and local dining.
11. High market positioning in Forster, described as a rarely available, highly regarded management rights business offering wealth generation potential.
Management Rights Multiplier: 3.71
ROI Estimate: 16.33%
