Key Investment Insights
1. Prime location near Mermaid Beach, Pacific Fair Shopping Centre, Jupiters Casino, and popular dining and nightlife precinct of Broadbeach.
2. Good Body Corporate committee in place.
3. Great opportunity for a first-time operator.
4. Potential for business growth.
5. Net income of $134,800 with potential for further growth.
6. Manager's apartment valued at $399,000 with 2 bedrooms, 2 bathrooms, and 2 car spaces.
7. Comfortable and modern apartment for the manager.
8. Complex is a 3.5-star holiday accommodation with 21 units.
9. 12 units in the letting pool, 6 owner-occupied units, and 2 outside agent units.
10. Manager's unit is included in the letting pool.
11. Accommodation agreement for 25 years with 20 years remaining.
12. On-site amenities include a pool, spa, sauna, and BBQ area.
13. Other features include pay TV and an office on title.
14. Pets are allowed in the manager's apartment.
15. Lovely parklands adjacent to the complex.
Management Rights Multiplier: 4.35
ROI Estimate: 23.00%