Key Investment Insights
1. Riverfront Mooloolaba location, steps to the Mooloolaba river and a short walk to the centre of the Sunshine Coast.
2. Two adjacent buildings configured as a streamlined double complex, suited to a tropical lifestyle and simplified operations.
3. Holiday complex of 42 units, with 24 units in the letting pool and 16 owner-occupied units, providing a mixed revenue base.
4. Manager’s residence is a spacious three-bedroom, two-bathroom apartment valued at $1,050,000, with an office on title, one car space, pet-friendly status, and a large outdoor garden and terrace with river views.
5. Onsite guest amenities include two pools, a barbecue area, Wi-Fi, pay TV, and undercover parking, supporting strong holiday appeal.
6. Long-term stability via a 25-year accommodation agreement, with 17 years remaining, offering predictable management rights tenure.
7. Strong financial metrics, priced at $2,150,000 with reported net profit of $326,000 and an advertised ROI of 29.6%.
8. Additional recurring remuneration from body corporate salary of $102,205, with CPI annual review, enhancing cashflow.
9. No outside agents and stated room for growth, indicating potential for improved margins or marketing-led revenue increases.
10. Management rights structure and included manager’s unit on title create an integrated asset and operational purchase opportunity.
Management Rights Multiplier: 3.37
ROI Estimate: 15.16%