Best Value Beachfront Mooloolaba!

Key Investment Insights

AI generated. Confirm details with the seller.

1. Price $1,295,000, with reported net profit $203,518, indicating a strong cashflow yield relative to asking price.
2. Prime beachfront location in the heart of Mooloolaba, within short walking distance to retail, cafes, surf club and Mooloolaba Beach.
3. Significant real estate value included, managers apartment valued at $795,000, providing both lifestyle and asset upside.
4. Manager’s residence is a two bedroom apartment with office, one bathroom and one car space, facilitating onsite management.
5. Long-term agreements in place, original term 25 years with approximately 20 years remaining, offering income stability.
6. Mixed letting model across a 30 unit complex, with 15 units in the letting pool, providing diversified revenue streams.
7. Current occupancy around 60%, presenting clear upside potential for an incoming motivated manager to increase revenue and ROI.
8. Consistent direct and repeat business noted, supporting baseline occupancy and customer loyalty.
9. Easy-to-manage resort facilities and a three-level walk-up building, suggesting lower operational complexity and maintenance demands.
10. Owner-occupation presence of 10 units, one outside agent unit and three lockup units, indicating a predominantly owner-managed environment and control over operations.
11. Manager remuneration/body corporate salary recorded at $69,659, clarifying employment cost and cashflow implications.
12. Property inspections by appointment only, implying privacy and controlled access during sale process.

Management Rights Multiplier: 2.46
ROI Estimate: 15.72%