Key Investment Insights
1. Delivers a high reported ROI of 12.74%, indicating strong investment returns relative to purchase price.
2. Net profit of $194,302, inclusive of a Body Corporate salary/remuneration of $72,909, demonstrating cashflow after owner remuneration.
3. Total asking price $1.525M, structured as $725K management rights plus an $800K manager’s apartment, enabling purchase flexibility.
4. Low implied business multiplier of 3.7x, presented as an attractive value metric for buyers.
5. New 25-year Accommodation Module agreements in place, with 24 years remaining, providing long-term contractual security.
6. Manager’s residence is a spacious two-bedroom apartment with an office on title and one car space, supporting work-from-home operations.
7. Prime Point Lookout location opposite Home Beach and moments from Cylinder Beach, cafés, restaurants and the Gorge Walk, enhancing guest appeal and occupancy potential.
8. Resort facilities include a swimming pool, floodlit tennis court, BBQ area and tropical gardens, strengthening the property's holiday amenity offering.
9. Permanent complex of 24 units, with 18 in the letting pool, five owner-occupied, three outside agent units and one lockup unit, indicating a predominantly internally managed portfolio.
10. Market context notes management rights on North Stradbroke Island are tightly held, implying limited comparable opportunities and potential for competitive buyer interest.
11. Positioned for owner-operators or experienced holiday management buyers, due to the combined management rights, on-site residence and long-term agreements.
Management Rights Multiplier: 3.73
ROI Estimate: 12.74%