Business Only - Luxury Rainbow Beach Apartments

Key Investment Insights

AI generated. Confirm details with the seller.

1. Boutique resort of 15 luxury apartments in Rainbow Beach, positioned for strong holiday market appeal with panoramic views.
2. Business-only price $600,000 with reported net profit $199,899, indicating a high return on investment.
3. Clear growth opportunity, with explicit room to further enhance the business and increase revenue.
4. Letting pool currently comprises 9 of the 15 units, providing immediate income while allowing scope to add more units to the pool.
5. Four owner-occupied units suggest owner stability and reduced turnover within the complex.
6. One unit managed by an outside agent, indicating an existing external management relationship that could be renegotiated or internalised.
7. On-title manager’s unit with 3 bedrooms, 2 bathrooms, one car space and an on-title office, supporting onsite management and reduced accommodation costs.
8. Pets allowed in the manager’s unit, enhancing attractiveness for long-term onsite managers or staff.
9. Complex is designated holiday type, aligning with short-stay market demand and premium nightly rates for luxury accommodation.
10. One lockup unit present, offering secure storage or ancillary rental potential.
11. Manager remuneration/body corporate salary of $38,821 is disclosed, clarifying current staffing cost structure.