Key Investment Insights
AI generated. Confirm details with the seller.
1. Secure caretaking agreement with 20 years remaining and CPI based annual increases.
2. Reported net profit of $544,878, supported by a body corporate salary of $87,001.
3. Management rights encompass a 36 unit coastal resort and holiday complex.
4. Letting pool includes 22 units, with 14 owner occupied units in the complex.
5. Managers’ residence is a two bedroom, two bathroom apartment with one car space, valued at $740,000.
6. Defined caretaking duties support practical day to day operational efficiencies.
7. Positioned near Hervey Bay’s waterfront, marina, cafes and essential services.
8. Established management rights business suited to experienced operators or lifestyle focused buyers.
9. Hervey Bay setting combines coastal living with proximity to tourism and local infrastructure growth.
Management Rights Multiplier: 4.50
ROI Estimate: 17.07%