Key Investment Insights
AI generated. Confirm details with the seller.
1. Established management rights business with reported net profit of $203,518 and annual body corporate remuneration of $71,836.
2. Total asking price of $1.15 million comprises $350,000 for management rights and $800,000 for the manager’s apartment.
3. Central Mooloolaba location within walking distance of the beach, cafés, restaurants, boutique shops and surf club.
4. Management agreements have 19 years remaining on a 25 year term.
5. The 30 unit holiday complex includes 17 units in the letting pool.
6. Manager’s residence includes two bedrooms, one bathroom, one car space and a separate office for onsite business management.
7. Current occupancy of around 60% offers scope for a new operator to explore performance improvements.
8. Repeat guests support an established income base.
9. Three level walk up complex features facilities designed for straightforward daily management.
Management Rights Multiplier: 1.72
ROI Estimate: 17.70%