Key Investment Insights
1. Prime Gold Coast Highway location, offering strong tourist and coastal appeal.
2. Total purchase price $1,550,000, split as $550,000 for management rights and $1,000,000 for the manager’s apartment.
3. Net profit reported at $172,731, indicating attractive cash returns relative to price.
4. Body Corporate salary/remuneration of $73,565, providing stable guaranteed income.
5. Long-term agreement structure, 25 year agreement with 19 years remaining, offering contract continuity.
6. Low-maintenance operation, with no pool maintenance responsibility, council-managed waste, no gardening, and no required office hours.
7. Mixed-use resort/holiday complex of 28 units, with 16 units in the letting pool, supporting diversified revenue streams.
8. Letting pool mix includes permanent and short-term tenancies, enabling a blend of stable and higher-yield bookings.
9. Manager’s residence is a spacious 2 bedroom, 2 bathroom apartment with 1 car space, included in sale.
10. Positioned as suitable for both experienced operators and entry-level buyers seeking a high-yield, low-stress lifestyle investment.
Management Rights Multiplier: 3.18
ROI Estimate: 31.41%