Key Investment Insights
AI generated. Confirm details with the seller.
1. Sold and settled listing, indicating transaction completed.
2. Strong financials, reported net profit $114,976, with generous remuneration/body corporate salary $98,855 plus GST.
3. Prime beachside location, approximately 100 metres to the ocean at Palm Beach.
4. As-new building, just 4 years old, reducing near-term capital expenditure risk.
5. High-demand rental area, located within Currumbin High School catchment zone.
6. Small letting pool, 4 of 62 units in letting pool, 58 owner-occupied, implying stable resident profile and limited short-stay turnover.
7. Permanent management rights for a 62-unit complex, agreement module: accommodation.
8. Long agreement security, 25 years remaining on the management agreement.
9. On-site amenities include a pool and gym, enhancing resident appeal and unit values.
10. Secure building access with fobs and intercom to all apartments, improving safety and management control.
11. Multiple visitor carparking on site, supporting owners and short-term visitors.
12. Convenient transport links, short drive to the M1 and Gold Coast Airport, and noted minimal workload, suitable for new entrants or portfolio add-on.