Key Investment Insights
1. Stunning 7-story mid-rise building located directly on Palm Beach, offering a variety of accommodations including one-bedroom studio-style units, and one, two, and three-bedroom self-contained apartments.
2. Amenities include a heated outdoor pool and spa, sauna, two BBQ areas, and a breathtaking rooftop viewing area.
3. Strong support from a proactive Body Corporate, generating a robust net profit of $595k.
4. 20 years remaining on the agreement.
5. Potential for growth by securing 25 outside agents and 5 lockups back into the letting pool.
6. Spacious manager's residence with stunning beach views, featuring an air-conditioned three-bedroom apartment, a large back office on title, two bathrooms, a courtyard, and two car spaces.
7. Ultimate beachside lifestyle on the magnificent Gold Coast.
8. Net profit of $595,607.
9. Manager's apartment valued at $1,350,000.
10. Complex type: Holiday, with a total of 68 units and 21 units in the letting pool.
11. Agreement module: Accommodation, with a term of 25 years and 20 years remaining.
12. Amenities include a pool, spa, sauna, and BBQ area.
Management Rights Multiplier: 5.88
ROI Estimate: 17.02%