Key Investment Insights
Key Insights:
1. Thriving holiday management rights business in a highly sought-after location on the Gold Coast.
2. Complex comprises 66 apartments with 31 currently in the letting pool, with a majority of short-term holiday lets.
3. Well-rounded mix of amenities including a rooftop heated pool and spa, second pool and spa, tennis court, gym, sauna, and barbecue areas.
4. Manager's residence and on-title office included, providing comfortable and private accommodation and enhancing the long-term value and security of the management rights.
5. Current owner stepping away due to family circumstances, presenting a rare opportunity to acquire a well-established and consistently performing business.
6. Secure agreements and clear scope for growth make this a highly attractive opportunity.
7. Net profit of $500,450 and remuneration/body corp salary of $197,923.
8. Managers unit valued at $600,000 and includes 2 bedrooms, 1 bathroom, and 1 car space.
9. Complex type is permanent with a total of 66 units and 31 in the letting pool.
10. Agreement term is 25 years with 19 years remaining.
Management Rights Multiplier: 4.80
ROI Estimate: 20.85%