Key Investment Insights
1. Asking price $900,000, with the managers apartment independently valued at $820,000, indicating a small business premium relative to property value.
2. Reported net profit $80,000, with manager remuneration/body corporate salary $40,000, providing a clear cashflow and owner-operator earning benchmark.
3. Managers unit is on title, 2 bedrooms plus study/office, 1 bathroom and 1 car space, offering owner accommodation or clear rental potential.
4. Listing highlights the ability to live offsite and to rent out the managers unit, giving flexibility for owner-operators or passive income.
5. Long-term commercial arrangement, 25 year agreement originally, with 21 years remaining, implying stable contracted revenue and tenure.
6. Complex is permanent type with 29 total units and 11 units currently in the letting pool, suggesting potential to increase letting pool contribution.
7. Resort-style on-water amenity package includes lakefront pool, expansive lounging areas and BBQ spots, supporting strong guest appeal and premium nightly rates.
8. Idyllic water views and waterfront location in Robina, close to Bond University, Market Square and Robina CBD and shopping centre, enhancing occupancy drivers and market catchment.
9. Secure, well-maintained building with secure basement parking and lift access, appealing for both short-stay guests and long-term tenants.
10. Managers unit features open-plan living with spacious outdoor area suitable for entertaining, family use or improved rental marketability.
11. Agreement module listed as accommodation, confirming core business model and positioning within the tourism/short-stay sector.
12. Reported manageable duties and on-site management structure imply low operational complexity for an incoming operator.
Management Rights Multiplier: 1.00
ROI Estimate: 8.89%
