Key Investment Insights
1. The resort complex is located in an absolute beachfront position, providing stunning ocean views and direct access to the beach.
2. The business offers a great lifestyle for the owner, with the opportunity to live and work in paradise.
3. The property features a beautiful tropical palm tree lined driveway, adding to the overall ambiance of the resort.
4. The former restaurant and conference room on the property can be converted into additional lettable units, providing potential for increased income.
5. The business has a strong net income of $301,444 and a remuneration of $146,566 + GST per annum.
6. The managers unit is a spacious 3 bedroom apartment with a real estate component valued at $600,000.
7. The letting rights agreement has a long term of 25 years, providing stability and security for the owner.
8. The property offers a range of facilities including saltwater swimming pools, a spa, tennis court, and undercover parking.
9. The reception/office is on title, making it convenient for the manager to run the business.
10. The business has huge potential for growth and expansion, providing a great opportunity for a motivated buyer.
Management Rights Multiplier: 2.97
ROI Estimate: 33.68%