Key Investment Insights
1. Price $980,000 with reported net profit $76,000, implying an approximate pre-tax return on purchase price of about 7.8% annually.
2. Manager’s apartment included on title, valued at $750,000, providing significant embedded asset value within the sale.
3. Manager’s unit specifications: 2 bedrooms, 1 bathroom, 1 car space, office on title, offering onsite manager accommodation and operational convenience.
4. Long-term agreement structure: 25 year agreement originally, with 21 years remaining, supplying multi‑year revenue stability.
5. Complex size and letting pool: 29 total units, 10 units in the letting pool, indicating current revenue-generating stock with potential to increase lettable inventory.
6. Resort-style amenity package includes lakefront pool, expansive lounging areas and BBQ spots, supporting premium guest experience and marketability.
7. Secure, well-maintained permanent complex with secure basement parking and lift access, reducing liability and maintenance concerns.
8. Location appeal in the heart of Robina, close to Bond University, Market Square and Varsity Central Business Centre, supporting steady demand from students, professionals and visitors.
9. Manager remuneration/body corporate salary of $38,000 included, clarifying ongoing staffing cost structure and owner benefit.
10. Listed as offering manageable duties, idyllic water views and easy access to broader Gold Coast attractions, enhancing lifestyle and guest appeal.
Management Rights Multiplier: 2.76
ROI Estimate: 36.19%
