Key Investment Insights
1. Listed price $4,700,000 with reported net profit $470,000, indicating roughly a 10% net yield based on sale price.
2. Manager remuneration/body corporate salary $94,000, providing clear earnings for owner-operator compensation.
3. Prime beachfront location opposite a Gold Coast beach, offering 180-degree Pacific Ocean views and strong leisure appeal.
4. Resort-style facilities include heated pool, spa, sauna, gym, full-size outdoor tennis court, games room, BBQ area and WiFi, supporting higher guest amenity expectations.
5. Proximity to Currumbin and Burleigh Heads, plus adjacent parklands and beachfront dining, enhances tourism draw and guest activities.
6. Holiday complex with 84 total units, 27 units in the letting pool, suggesting scope to grow managed inventory or retain owner-occupied stock.
7. Long-term accommodation agreement structure, 25-year term with 24 years remaining, provides contract stability and predictable income framework.
8. Operationally light supervisory role, no office hours required and no requirement to live onsite, enabling absentee or semi-absentee ownership.
9. Managers 2-bedroom, 2-bathroom apartment on title valued at $1,650,000, includes lock-up garage, ample storage and pets allowed, adding significant on-title asset value.
10. On-title office included, simplifying management legitimacy and administrative operations for the manager role.
11. Healthy sinking fund noted, reducing near-term capital risk for major repairs or asset maintenance.
12. Disclaimer notes images may not depict the complex and prospective purchasers must verify details, signalling standard vendor caution and the need for due diligence.
Management Rights Multiplier: 5.49
ROI Estimate: 11.83%
