Gympie, Queensland

Right on the Golf Course

SOLD

Business Description

Situated right on the Gympie Pines Golf Course providing all but 4 of the properties with exclusive views of the course.

The current management team's focus on the long-term rental market at the expense of the corporate market. As a consequence, there is real potential here to increase marketing exposure to short-term/corporate stays which has very strong demand in Gympie. This would lead to increased rental returns to the owners and the managers.

Well worth a look here, with long agreements, a rental pool that has remained stable for the last 7 years and a very supportive committee.

Facilities include:
- community room with gym,
- resident’s kitchen,
- heated pool,
- Tepenyaki bbq,
- direct buggy access to course and golf clubhouse.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $213,676 Remuneration / Body Corp Salary: $81,820Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $330,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title

Quality fixtures & fittings. Views over golf course

Complex Information

Complex Type: HolidayTotal Units in Complex: 54Total Units in Letting Pool: 44Owner Occupy Units: 9Agreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesGym: YesBBQ Area: Yes

Marketing Agent

Matt Campbell

0410 34....

Barry Davies

0438 55....

Resort Management Sales

Key Investment Insights

1. The business is situated on the Gympie Pines Golf Course, providing exclusive views of the course for most of the properties.
2. The current management team has focused on the long-term rental market, but there is potential to increase exposure to the short-term/corporate market, which has high demand in Gympie.
3. The rental pool has remained stable for the past 7 years.
4. The complex offers a range of facilities including a community room with gym, resident's kitchen, heated pool, Tepenyaki BBQ, and direct buggy access to the golf course and clubhouse.
5. The business has a net profit of $213,676 and a remuneration/body corp salary of $81,820.
6. The managers' unit is valued at $330,000 and has 2 bedrooms, 2 bathrooms, and 1 car space. The office is located on the title.
7. The complex is a holiday complex with a total of 54 units, 44 of which are in the letting pool.
8. The agreement term is 25 years with 25 years remaining.
9. The complex offers a pool, gym, and BBQ area for residents.

Management Rights Multiplier: 4.31
ROI Estimate: 23.23%