Key Investment Insights
1. Asking price $1.995M, comprising $1.145M management rights and $850k manager’s unit, offering a bundled acquisition opportunity.
2. Strong recent financial performance, net operating profit $326,571 over the last 12 months.
3. High owner remuneration, body corporate/management salary $141,005 per annum, with CPI‑linked incremental increases.
4. Exceptional reported ROI of 16.4%, indicating attractive cash returns for the purchaser.
5. Prime waterfront location in Golden Beach, Caloundra, with high tourism upside from regional growth and the 2032 Olympics.
6. Large asset base, 68 self-contained units in the complex, with a letting pool of 18 units, predominantly holiday bookings.
7. Manager’s apartment is a 3 bedroom, 2 bathroom unit with 2 car spaces, currently priced at $850k and stated to be offered significantly below prior valuation.
8. Flexible management model, no requirement to live on site, ability to rent out the manager’s unit, and no fixed office hours.
9. Operational efficiencies in place, including a large modern reception, on-title back-office, and outsourced cleaning and linen services.
10. Strong demand drivers and booking channels; loyal repeat guests, strong occupancy rates, and the majority of bookings generated via online platforms and major holiday rental websites.
11. Long agreement term security, 25 year original term with approximately 20 years remaining, providing tenure stability.
12. Complex mix of accommodation types and building forms, three low-rise blocks plus a 10-storey tower, supporting both holiday and permanent rental markets.
Management Rights Multiplier: 3.51
ROI Estimate: 28.52%