Key Investment Insights
1. Net profit of $815,297, including a $260,619 body corporate salary, indicating strong cash returns.
2. Body corporate salary reviewed annually by CPI, providing indexed remuneration protection.
3. Long-term stability with 19 years remaining on a 25-year accommodation agreement.
4. 40 self-contained holiday apartments currently in the letting pool, comprising 1, 2 and 3-bedroom units.
5. Clear growth potential with 16 lockup storage spaces and three outside agents offering scope to expand the letting pool and boost revenue.
6. Included renovated on-title manager’s apartment valued at $1,370,000, two bedrooms, two bathrooms, high ceilings and large courtyard, plus one car space.
7. On-title office included, facilitating compliant operations and potential owner-occupier convenience.
8. Operated with no set office hours flexibility, currently run under standard hours, allowing operational adaptability.
9. Backed by a highly supportive Body Corporate and over 10 years of incumbent managers with streamlined systems, enabling a smooth transition.
10. Premium resort facilities for guests and residents including heated indoor pool, outdoor resort pool, spa, steam room/sauna, gym, tennis court, BBQ and entertainment areas, guest/resident lounge and secure parking, enhancing letting appeal.
11. Located in one of the Gold Coast’s most desirable coastal suburbs, supporting strong demand for holiday accommodation.
12. Pets permitted in the manager’s unit, potentially aiding recruitment or owner-occupier appeal.
Management Rights Multiplier: 6.00
ROI Estimate: 16.67%
