Key Investment Insights
AI generated. Confirm details with the seller.
1. Listed net profit of $95,000, with a $220,000 business value and total asking price of $970,000.
2. Annual body corporate remuneration of $41,784, reviewed annually against CPI.
3. New management agreements provide a full 25 year term.
4. Boutique letting pool of six apartments supports an easily run operation requiring one to one and a half people.
5. No obligation to live onsite and no set office hours provide operational flexibility.
6. Oceanfront Esplanade position at Golden Beach, Caloundra, steps from the sand and within walking distance of restaurants and amenities.
7. Manager’s apartment can be rented for additional income or retained as a spacious residence.
8. Manager’s residence includes two bedrooms, two bathrooms, a car space and a separate office on title.
9. Low maintenance grounds and an ongoing maintenance scheme support straightforward property upkeep.
10. Holiday apartments feature full kitchens, laundries, large balconies and lift access from secure garaging.
11. Complex facilities include a pool, BBQ area and WiFi.
12. Apartments offer spectacular views across Pumicestone Passage, Bribie Island and the Pacific Ocean.
Management Rights Multiplier: 2.32
ROI Estimate: 9.79%
