Key Investment Insights
1. Popular, small 4-star complex with good repeat business.
2. Most units have air conditioning and water views.
3. Constant source of guests from overflow bookings from neighboring multi-million dollar resort.
4. Beach side location with panoramic views of Hervey Bay and Fraser Island.
5. Close proximity to restaurants, bars, boutiques, and day spas.
6. Tourist attractions such as Botanic Gardens, Urangan Pier, and Aquarium are nearby.
7. Easy access to pick up for Fraser Island and whale watching tours.
8. Three bedroom plus study managers unit.
9. Long agreements in place.
10. Potential for growth with current letting pool at 10 units.
11. Net income of $65,570 as of March 2019.
12. Managers residence and business included in asking price of $375,000.
13. Body corp salary review of CPI annually.
14. Managers unit valued at $275,000.
15. Pet-friendly complex.
16. 4-star rating.
17. Total of 14 units in complex with 10 in letting pool and 3 outside agent units.
18. 25-year agreement with 19 years remaining.
19. Amenities include a pool and pay TV.
Management Rights Multiplier: 1.53
ROI Estimate: 65.57%