Key Investment Insights
1. Beachfront location, situated steps from Miami Beach, offering strong lifestyle appeal and guest/resident demand.
2. Business listed Offers Over $1.450 million, with manager’s apartment valued at $1,100,000.
3. Reliable annual body corporate salary and net profit of $125,024, providing steady income for a solo operator.
4. Set up for single-operator management, currently run by one person with low operational complexity.
5. Agreements secured under the Accommodation Module, 25-year term originally with 18 years remaining, offering long-term income stability.
6. Very manageable caretaking duties, primarily garden upkeep, mowing, pool cleaning, and tidying barbecue areas and walkways, requiring no trades team.
7. High owner-occupancy level, 52 of 58 units owner-occupied, implying stable community dynamics and lower marketing/letting workload.
8. Only six outside agent units, indicating limited external agent competition and control over on-site letting.
9. Manager’s unit is a comfortable two-bedroom, two-bathroom apartment with a secure undercover car space, suitable for a couple or single manager.
10. Operational conveniences include a large linen room, secure storage and workshop onsite, and the office is on title with no set office hours.
11. Quiet street location close to cafes, schools and local amenities, supporting both resident satisfaction and ancillary convenience for guests.
12. Business presents as a genuine lifestyle opportunity, combining low-stress duties, flexible hours and dependable recurring remuneration.
Management Rights Multiplier: 4.00
ROI Estimate: 25.00%