Key Investment Insights
1. Net profit $363,531 reported, includes a body corporate salary of roughly $63k with annual CPI increases, indicating indexed owner remuneration and strong cashflow.
2. Sale price $2,450,000 with manager’s apartment valued at $940,000, reducing effective business purchase cost for owner-operator buyers.
3. Manager’s residence is a spacious fully airconditioned three‑bedroom, two‑bathroom apartment with two car spaces and two private courtyards, offering high lifestyle appeal.
4. Manager’s unit can be reconfigured into a two‑bedroom manager’s residence plus a self‑contained one‑bedroom studio that can be added to the holiday letting pool to increase income.
5. Letting pool comprises 19 high‑return holiday rentals plus one permanent let, effectively 20 revenue‑producing units within a 40‑unit complex.
6. Long security of tenure with accommodation agreement originally 25 years and approximately 20 years remaining.
7. Resort facilities include a heated outdoor pool, gym, BBQ area and secure parking, supporting premium holiday positioning and guest appeal.
8. Prime beachfront location with walking distance to cafes, restaurants, supermarket and beachfront markets, enhancing occupancy potential and ADRs.
9. No set office hours, providing operational flexibility and a lifestyle advantage for managers.
10. $15,000 allocated for an additional reception wage, indicating budgeted support for front‑desk operations and potential to maintain service levels without owner workload increase.
11. Complex composition: 40 total units, 18 owner‑occupied units and 2 outside agent units, suggesting limited external competition within the building.
12. Vendor claims month‑on‑month and year‑on‑year revenue growth, signalling recent positive performance momentum.
Management Rights Multiplier: 4.15
ROI Estimate: 24.07%
