Key Investment Insights
AI generated. Confirm details with the seller.
1. Advertised 43% return on investment, with a $970,000 price, $95,000 net profit and $41,784 body corporate remuneration.
2. Beachfront Esplanade position at Golden Beach, Caloundra, with restaurants, amenities and the sand within easy walking distance.
3. Boutique letting pool comprising six of sixteen complex units, supporting a compact 1 to 1.5 person operation.
4. No obligation to live onsite, no set office hours and low maintenance grounds provide operational flexibility.
5. New 25 year agreements offer long term tenure, with body corporate salary reviewed annually by CPI.
6. Manager’s two bedroom, two bathroom apartment includes a separate office and car space on title.
7. The manager’s residence can be occupied or leased separately, providing flexibility to generate additional income.
8. Holiday apartments feature lift access, secure garage access, full kitchens, laundries and large balconies with water views.
9. Complex amenities include a pool, barbecue area and WiFi, with pets permitted.
10. Water views extend across Pumicestone Passage, Bribie Island and the Pacific Ocean.
Management Rights Multiplier: 2.32
ROI Estimate: 9.79%
