Key Investment Insights
1. Asking price $3,300,000, with an included manager's apartment valued at $1,325,000.
2. Reported net profit $420,566, indicating strong cashflow relative to price.
3. Body corporate remuneration $67,248, reviewed by CPI annually, providing indexed income for the manager.
4. Prime riverfront location on Noosa Riverfront at Gympie Terrace, a highly sought-after Queensland address.
5. Manager's residence is a separate expansive three-bedroom, two-bathroom, three-storey townhouse, offering privacy and high real estate value.
6. Manager’s office is on title, enhancing operational control and resale value.
7. High letting participation, 18 of 22 units (approximately 82%) in the letting pool, supporting stable revenue; listing also notes 90% in the pool.
8. Long-term accommodation agreement of 25 years with 22 years remaining, delivering contract stability.
9. Complex amenities include two pools, spa, barbecue areas, undercover parking and WiFi, boosting guest appeal and occupancy potential.
10. Holiday complex with 22 total units, one owner-occupied unit, one outside agent unit and one lockup unit, indicating low owner interference and manageable operations.
11. Vendor highlights room for growth, suggesting potential to increase profitability beyond current net profit.
Management Rights Multiplier: 4.70
ROI Estimate: 21.29%
