Key Investment Insights
1. Priced to sell at offers above $990,000, presenting perceived value given reported earnings.
2. Net profit $196,187 for FY24, indicating healthy cash returns relative to asking price.
3. Manager remuneration/body corporate salary $62,549, separate from net profit figure.
4. Real estate component included, managers’ apartment valued at $525,000 and carried on title.
5. Managers’ accommodation comprises two two‑bedroom apartments providing four bedrooms, two bathrooms, four car spaces and an on‑title office; option to occupy one and rent the other.
6. High quality 29‑unit holiday complex, with a diverse mix of fully furnished studio, one, two and family apartments to suit a wide guest profile.
7. Letting rights secured with a 25‑year agreement from 2025, historical consistency of 17 units in the letting pool and currently 15 units in the pool with two more to be added soon.
8. Strong operational attributes, easily run by a husband and wife team with long‑term owner‑operator experience.
9. Strong repeat business and high volume of regular clients, supporting stable demand and consistent trading over many years.
10. Onsite amenities include a saltwater swimming pool, BBQ area, tennis court and secure undercover carparking, enhancing guest appeal.
11. Prime tropical North Queensland location close to all amenities, supporting year‑round holiday demand and lifestyle ownership.
Management Rights Multiplier: 2.37
ROI Estimate: 19.82%
