Key Investment Insights
1. Absolute beachfront location, no roads to cross, beach literally at the doorstep.
2. Listed price $2,925,000 with reported net profit $313,780, annual earnings stated as exceeding $300,000.
3. Manager’s apartment valued at $1,325,000, 2 bedrooms, 2 bathrooms, stunning ocean views, immaculately presented.
4. No set office hours, providing lifestyle flexibility and lower on‑site management demands.
5. Long secure agreement, 25 year term with 23 years remaining, offering long‑term income visibility.
6. Body corporate supportive and proactive, with body corp salary review indexed to CPI annually.
7. Resort‑style facilities including heated pool, spa, BBQ area, and secure underground parking, enhancing guest appeal.
8. Strong base of repeat guests and forward bookings, supporting consistent income and high year‑round occupancy.
9. Small holiday complex scale, 28 total units with 15 in the letting pool, 3 owner occupy, 3 outside agent, 6 lockup units, enabling focused management.
10. Exclusive use air conditioned office, pets permitted in manager’s unit, and location in vibrant Mermaid Beach precinct near cafes, bars and shops.
Management Rights Multiplier: 5.10
ROI Estimate: 10.73%