Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit reported at $111,000, indicating established cashflow for an ongoing operation.
2. Manager remuneration/body corp salary of $91,800 provides clear, documented owner benefit.
3. Manager’s apartment valued at $1,000,000, representing significant asset value within the sale.
4. Option to live onsite or rent out the manager’s apartment, offering income flexibility and owner/operator choice.
5. No fixed working hours for the manager role, enabling flexible operations or absentee management.
6. Long-stay agreement structure, 25-year original term with 15 years remaining, provides long-term contractual stability.
7. Small boutique scale, 25 total units with only 1 unit in the letting pool, suggesting low operational complexity and exclusivity.
8. Strong amenity offering on-site, including pool, spa, gym and BBQ area, enhancing guest appeal and competitive positioning.
9. Prime coastal location near Main Beach, walking distance to restaurants, cafes, Southport Yacht and Surf Clubs, increasing leisure demand.
10. Excellent transport and institutional links, short stroll to Light Rail with direct access to GC University Hospital and Griffith University, and easy access to major shopping centres.
11. Manager’s ground-floor apartment features 2 bedrooms, enclosed patio and courtyard, separate laundry and secure underground parking, improving rental marketability.
12. Sale currently listed under contract/offer, signalling active buyer interest and reduced availability.
Management Rights Multiplier: 3.39
ROI Estimate: 8.07%