Key Investment Insights
1. Esplanade oceanfront position at Golden Beach, Caloundra, offering direct beach access and expansive water views of Pumicestone Passage, Bribie Island and the Pacific Ocean.
2. Small boutique holiday complex of 16 units, with a 7 unit letting pool, supporting an easily managed operation and close owner oversight.
3. New 25 year accommodation agreements, with 25 years remaining, providing long term income security for the letting pool.
4. One to one and a half person operation, enabling low labour requirements and lifestyle flexibility for operators.
5. Manager’s apartment valued at $870,000, two bedrooms, two bathrooms, separate office on title and one car space, offering significant asset value and optional rental income.
6. Net profit $100,000 and additional remuneration/body corporate salary $41,784, with the body corp salary reviewed annually by CPI, indicating transparent recurring income streams.
7. No obligation to live on site, the manager’s residence can be rented to generate extra revenue or occupied by the manager for convenience.
8. Spacious holiday apartments feature lift access from secure garage, full kitchens, laundry facilities and large balconies, supporting strong guest appeal and longer stays.
9. Low maintenance grounds and an ongoing maintenance scheme, reducing operational overhead and time commitment for managers.
10. Onsite amenities include pool, BBQ area and WiFi, enhancing guest experience and competitiveness in the holiday market.
11. Prime location a short walk to restaurants and amenities, strengthening year round demand from holidaymakers and short stay guests.
12. Asking price $1,300,000, allowing comparison against the included manager apartment asset and reported net returns for investment evaluation.
Management Rights Multiplier: 4.30
ROI Estimate: 23.26%
