Key Investment Insights
1. Prime beachfront location, short stroll to Kings Beach, cafes and shops, strong appeal for holiday letting and guest occupancy.
2. Established holiday complex of 14 units, with 9 units currently in the letting pool, providing an operating scale and room for growth.
3. Net profit reported at $167,208, indicating solid earnings for a management rights business.
4. Asking price listed at $1,225,000 inclusive of the manager’s real estate, with the manager’s apartment valued at $850,000.
5. Manager’s unit is fully renovated, 2 bedrooms and 2 bathrooms, ducted reverse-cycle air conditioning, private courtyard, secure car space and office on title, offering both lifestyle and rental value.
6. Manager’s unit can be added to the letting pool, creating immediate additional income potential.
7. Long-term agreement security, 15 years remaining on the accommodation agreement, supporting recurring management revenue.
8. Low-operational-intensity model, no requirement to live onsite, streamlined automatic key dispensing for remote management and no set office hours.
9. Guest amenities include a swimming pool and BBQ area, enhancing guest experience and competitive positioning in the holiday market.
10. Low-maintenance gardens and flexible management structure reduce day-to-day overheads and support a hands-off ownership option.
Management Rights Multiplier: 2.24
ROI Estimate: 44.59%
