Key Investment Insights
Key insights for this business for sale listing include:
- Absolute beachfront location on North Stradbroke Island
- Strong and growing holiday letting business
- 29 apartments in total, with 22 in the holiday letting pool
- Public transport conveniently located at the front door
- Supportive Body Corporate and committee
- Accommodation Module agreements with 21 years remaining
- Unique zoning that protects the Manager's investment
- 2 bedroom, 1 bathroom manager's residence
- Motivated vendors and priced to sell
- Net profit of $253,115
- Asking price of $1,695,000, inclusive of manager's real estate
- Manager's apartment valued at $700,000
- Complex type is holiday accommodation
- 29 total units in the complex, with 22 in the letting pool
- 4 units managed by outside agents and 2 lockup units
- Accommodation Module agreement with a 25-year term and 21 years remaining
- On-site amenities include a pool, sauna, BBQ area, and WIFI.
Management Rights Multiplier: 3.93
ROI Estimate: 25.44%