Key Investment Insights
1. High standard apartment accommodation with 13 dual key units within the letting pool.
2. Located in a prime location within 100m easy stroll to the beachfront.
3. Landscaped low maintenance grounds with a resort pool, BBQ cabana, and separate spa.
4. Ample parking areas for guest vehicles including boat trailers.
5. Well established business with a good relationship with owners and the Body Corporate.
6. Potential for growth and improvement with new management.
7. Spacious two bedroom manager's residence with direct access to the office and guest reception.
8. Under contract/offer with a net profit of $187,814 and remuneration/body corp salary of $31,375.
9. Manager's apartment valued at $300,000.
10. Complex type is holiday with a total of 15 units, 13 in the letting pool, and 1 owner-occupied unit.
11. Agreement module is accommodation with a term of 25 years and 23 years remaining.
12. On-site amenities include a pool, spa, and BBQ area.
Management Rights Multiplier: 2.24
ROI Estimate: 44.72%