Key Investment Insights
1. Prime location in the heart of Port Macquarie, close to the beach, shops, and restaurants.
2. Established and well-maintained resort with extensive facilities, leading to consistently high occupancy rates and a strong base of repeat guests.
3. Long agreements in place with a solid Body Corporate relationship, providing security and stability for the business.
4. Spacious and comfortable manager's unit with open-plan living, private balcony, and secure parking, suitable for onsite residence or coastal retreat.
5. Strong financial performance with a net profit of $500,674 for the complex and $40,802 from external letting income.
6. Priced at a 4.4x blended multiple of the net profit, taking into account the external letting income.
7. Opportunity for growth in a thriving leisure and lifestyle destination.
8. Specializing in management rights, motels, hotels, pubs, and parks, with expertise and experience in the industry.
9. Total business price of $3.085M, including $2.385M for the management rights and $700k for the manager's unit.
10. Permanent complex with 94 units, 50 in the letting pool, and 23 owner-occupied units, providing a stable and diverse income stream.
11. Long agreement term of 25 years with 9 years remaining, offering long-term security for the business.
Management Rights Multiplier: 4.40
ROI Estimate: 22.70%