Key Investment Insights
1. Proven profitability, with a reported net profit of $600,698 in the business snapshot, and an advertised “$550k Net Profit” in the headline.
2. Total asking price $2,700,000, comprised of $2,000,000 management rights and a $700,000 managers apartment valuation.
3. Strong occupancy track record at 73%, with the ability to increase tariffs annually since opening in December 2007.
4. High proportion of units in the letting pool, listed as 29 in the header and 32 of 37 in the detailed snapshot, indicating significant revenue-generating inventory.
5. Prime town-centre location in Forster on the Mid North Coast, offering lake, town and ocean views and positioning it as a leading local accommodation provider.
6. Reputational strength with Quality Tourism Accredited 4.5 star rating and strong guest review scores across major OTAs: TripAdvisor 4.5/5, Expedia 9.4/10, Booking.com 8.8/10.
7. Established operational agreements, standard module management agreement originally 10 years with seven years remaining, providing medium-term contract stability.
8. On-title, modern managers residence, two bedrooms and two bathrooms, spacious and well appointed, plus one car space and on-title office, supporting on-site management.
9. Comprehensive guest amenities including pool, Pay TV, WiFi and function facilities, enhancing competitiveness for holiday market bookings.
10. Positive stakeholder relationships, noted outstanding relationship with the Body Corporate and owners in a consistently thriving accommodation region.
Management Rights Multiplier: 3.33
ROI Estimate: 22.25%
