Key Investment Insights
1. Listed price $1,300,000, net profit $230,000, remuneration/body corp salary $55,000, indicating strong reported cashflow relative to price.
2. Prime Broadwater-adjacent location, central to Gold Coast attractions, shopping precincts and restaurants, enhancing tourism appeal.
3. Close to public transport, supporting guest access and staff commuting without car dependence.
4. Accommodation mix of one- and two-bedroom self-contained apartments, suitable for short-stay holiday market.
5. Total complex 31 units, with 17 units in the letting pool, implying partial owner-occupied / investor split and upside potential if letting pool expanded.
6. On-site resort-style amenities include pool, spa, tennis court, BBQ area and function facilities, supporting higher occupancy and guest satisfaction.
7. Fully equipped conference room seating up to 20 delegates, enabling corporate and small event revenue streams.
8. Large separate office and reception recorded on title, providing clear operational base and asset security.
9. Managers apartment valued at $360,000 and includes one car space, representing significant on-title asset and potential included value.
10. Long term agreements in place, no requirement to live onsite, indicating stability of income and flexible owner involvement.
11. Seller highlights repeat business with “secure salary and happy return guests,” suggesting established clientele and positive guest retention.
12. Contact for inspection named (Gavin), facilitating immediate enquiry and due diligence.
Management Rights Multiplier: 4.09
ROI Estimate: 17.69%
