Key Investment Insights
1. Exceptional financial metrics, 39.5% ROI on the business and a low sales multiplier of 2.5X.
2. Asking price $970,000, net profit $95,000, plus body corporate salary/remuneration of $41,784 with CPI annual reviews.
3. Manager's apartment valued at $730,000, configured as two bedrooms, two bathrooms, one car space, separate office on title, pets allowed.
4. Prime esplanade oceanfront location at Golden Beach, Caloundra, Sunshine Coast, a few steps to sand and within short walking distance of restaurants and amenities.
5. Small boutique holiday complex, total 16 units, six in the letting pool, seven owner-occupied, one lockup and one manager unit, enabling focused, manageable operation.
6. New 25-year accommodation agreements in place, 25 years remaining, providing long-term income security.
7. Flexible operation, no obligation to live on site, one to 1.5 person operation feasible, manager’s residence can be rented for additional income.
8. Spacious holiday apartments with lift access from secure garage, master ensuite, second bathroom, full kitchen, laundry and large balconies with views of Pumicestone Passage, Bribie Island and the Pacific Ocean.
9. On-site amenities include pool, BBQ area and WiFi, supporting holiday letting appeal.
10. Low maintenance grounds, ongoing maintenance scheme and no set office hours, contributing to operational simplicity and lifestyle attractiveness.
Management Rights Multiplier: 2.53
ROI Estimate: 9.79%
