Key Investment Insights
1. Proven management rights business on the Sunshine Coast delivering a Nett Profit of $394,606, indicating strong cashflow potential.
2. Asking Business Price $1.736M, Managers Unit $1.8M, Total Price $3.536M, with manager apartment value explicitly stated.
3. Remuneration and body corporate salary of $148,516 provided, supporting owner operator income clarity.
4. Managers apartment is a 3 bedroom, 2 bathroom unit with 2 car spaces, enhancing lifestyle and rental value.
5. Long agreement structure, originally 25 years with 18 years remaining, offering long term tenure security.
6. Small letting pool of 18 units within a 72 unit resort, suggesting limited internal competition and potential rental yield control.
7. High owner occupy presence with 52 owner occupied units, implying a stable resident community and lower turnover.
8. Prime waterfront location on the Duporth foreshore in Maroochydore, offering river and ocean vistas, beach and riverside path access, and proximity to dining and shopping precincts.
9. Resort facilities tailored to leisure and wellbeing, including heated outdoor pool, spa, sauna, fitness centre, manicured grounds and riverside lawns.
10. Apartments are well appointed for short and extended stays, featuring air conditioning, fully equipped kitchens, in apartment laundry, private balconies and complimentary in room Wi Fi.
11. Strong guest amenity support with an on site tour desk for excursions, close walking access to Sunshine Plaza and Cotton Tree Park, and short drive to Maroochydore Beach and Maroochydore Airport.
12. Acquisition appeal to both owner operators and investors seeking loyal repeat guests and potential portfolio growth, with possibility of another unit joining the letting pool soon.
Management Rights Multiplier: 4.40
ROI Estimate: 11.16%