Key Investment Insights
1. Located on the Southern Great Barrier Reef, a highly sought-after holiday destination.
2. 56 apartments in the complex, with 40 currently in the onsite letting pool.
3. A mix of studio, 1 bedroom, and 2 bedroom options available for guests.
4. Excellent resort facilities including a lagoon pool, bar, and outdoor cinema.
5. Popular onsite restaurant (managed separately) adds to the appeal for guests.
6. Significant potential for growth and increased profitability.
7. Strong trading history and forward bookings.
8. Long caretaking/letting agreements with 22 years remaining.
9. Close proximity to popular attractions such as Kemp Beach, Rosslyn Harbour, and Beaches Bistro.
10. Managers' unit included in the sale, valued at $475,000.
11. Net profit of $458,398 and remuneration/body corp salary of $92,122.
12. Complex type is a resort/holiday, with a total of 56 units and 40 in the letting pool.
13. 25 years remaining on the agreement term.
Management Rights Multiplier: 4.52
ROI Estimate: 22.14%