Key Investment Insights
1. The business is a friendly resort located on a beachfront property.
2. The resort offers a range of amenities including a large swimming pool, heated spa, 1/2 tennis court, and barbeque area.
3. All units have full kitchens with modern appliances and separate laundry facilities.
4. The resort has a total of 26 units, with 2 units currently in the letting pool.
5. The managers apartment is a spacious 2 bedroom and 2 bathroom unit with a fully functional kitchen, dining and lounge area, and secure parking space.
6. The managers apartment has a value of $440,000.
7. The business has a strong net profit of $86,000 and a remuneration/body corp salary of $54,400.
8. The complex is primarily a holiday/resort complex with 10 owner-occupied units and 5 units managed by outside agents.
9. The property is located in a highly desirable beachfront location.
10. The motivated vendor is open to offers and willing to negotiate a sale.
Management Rights Multiplier: 3.31
ROI Estimate: 30.18%