Key Investment Insights
AI generated. Confirm details with the seller.
Key Insights:
- Charming beachside location with ocean views and close proximity to Mudjimba Island
- Well-maintained and stylish apartments with a loyal clientele base
- Apartments offer spacious living areas and two or three bedrooms with two bathrooms
- 10 apartments in the holiday letting pool
- Resort-style facilities including a tennis court, swimming pool, and rooftop spa
- Can be run by one person with minimal assistance and attractive office hours
- 20 years remaining on the management agreement
- Stunning three bedroom, two bathroom manager's residence on the first floor
- No competition in the area and potential for growth in the rapidly expanding region and inbound tourism market
- Net profit of $143,791
- Asking price of $1,198,268 (inclusive of manager's real estate)