Key Investment Insights
1. Price reduced due to vendor ill health, offering potential buyer immediate value opportunity.
2. Reduced asking price $860,000, sale includes manager's real estate.
3. Net profit $131,694, plus reported remuneration/body corporate salary of $12,000.
4. Manager's apartment included on title, three bedrooms, two bathrooms, office on title, valued at $575,000.
5. Turnkey management rights business with 10 motel rooms and four self-contained apartments, total 14 letting units.
6. Complex totals 15 units with 14 units in the letting pool, indicating near-complete letting participation.
7. Agreement is a standard module with a 10 year term, nine years remaining, providing security of income.
8. Prime lakeside location in Metung, near Lake King and Bancroft Bay, within the Gippsland Lakes region.
9. Four star AAA rating, enhancing market positioning for holiday accommodation.
10. On-site amenities include an outdoor pool, outdoor entertainment area, private courtyards with spas, and balconies.
11. Manager's residence is spacious and designed for open-plan living, supporting lifestyle appeal and on-site management.
12. Holiday complex classification and existing letting pool suggest established seasonal demand and operational structure.
Management Rights Multiplier: 2.16
ROI Estimate: 46.21%
