Key Investment Insights
AI generated. Confirm details with the seller.
1. Current net profit $455,679, demonstrating strong existing profitability.
2. Remuneration/Body Corporate salary $181,153, with annual CPI reviews providing indexed income growth.
3. Prime beachfront Main Beach location, steps to sand, cafes, restaurants, Southport Yacht Club and Surf Life Saving Club.
4. High-rise holiday resort offering premium 1, 2 and 3 bedroom apartments, many with panoramic ocean views.
5. Resort-style amenities include heated pool, spa, steam rooms, alfresco BBQ area and full-size tennis court, supporting premium rates.
6. Managers unit fully renovated on ground floor, 2 bedrooms, 2 bathrooms, high ceilings, spacious courtyard, value listed at $1,100,000, office on title and pets permitted.
7. Agreement structure standard module, 10 year term with 10 years remaining, providing long-term contract stability.
8. Complex scale 103 units total, with 39 units in the letting pool and 25 lock-up units, indicating immediate growth potential by reactivating lock-ups.
9. Owner-occupied count 35 and outside agent units 3, suggesting a predominantly owner-involved complex with limited external competition.
10. Proactive and supportive Body Corporate; gardening contractor covered by Body Corporate, reducing operational responsibilities.
11. No set office hours, offering flexible management and lifestyle benefits for owner-operators.
12. Business marketed as a lifestyle investment in a prestigious Gold Coast location, suitable for portfolio expansion or entry into management rights.
Management Rights Multiplier: 4.61
ROI Estimate: 14.24%