Key Investment Insights
1. Priced to sell by a motivated vendor, management rights listed at offers above $990,000, presenting perceived value given the earnings and included real estate.
2. FY25 net profit $197,371, with additional remuneration/body corporate salary of $62,549, indicating healthy cashflow for owner operators.
3. Real estate component included, managers apartment valued at $525,000, with reception/office on title, reducing upfront acquisition complexity.
4. Manager's accommodation comprises 2 x two bedroom apartments (4 bedrooms total), with the flexibility to occupy both or rent one out for extra income.
5. Letting rights secured by a 25 year agreement term commencing 2025, providing long‑term operational stability.
6. Letting pool currently includes 15 units with 2 more to be added soon, consistently operating at 17 units in the letting pool, supporting stable management income.
7. High quality, well presented holiday complex of 29 fully furnished studio, one, two and family apartments, offering a diverse room mix to attract a wide guest demographic.
8. Strong repeat business and a high volume of regular clients, indicating reliable occupancy and guest retention.
9. Easily operated by a husband and wife team with long term owner operator experience, suggesting straightforward day‑to‑day management.
10. Prime tropical North Queensland location close to all amenities, enhancing tourism appeal and guest convenience.
11. Onsite facilities include a saltwater swimming pool and BBQ area, secure undercover carparking, and a tennis court, adding guest amenity value and competitive advantage.
12. Consistent trading over many years, implying established market presence and operational resilience.
Management Rights Multiplier: 2.36
ROI Estimate: 19.94%
