Key Investment Insights
1. Asking price $1,300,000 with reported net profit $230,000, indicating a strong cashflow profile relative to price.
2. Remuneration/body corporate salary reported at $54,000, providing defined owner income separate from net profit.
3. Managers apartment valued at $350,000, representing significant on-title asset and potential owner-occupier benefit or saleable asset.
4. Large office and reception are on title, offering clear operational infrastructure and balance-sheet value.
5. Prime Broadwater-front location, central to Gold Coast attractions, shopping and restaurants, enhancing leisure market appeal.
6. Convenient proximity to public transport, supporting broad guest access and occupancy potential.
7. Resort-style facilities include pool, tennis court, BBQ area and function facilities, boosting guest experience and ancillary revenue opportunities.
8. Fully equipped conference room seating up to 20 delegates, enabling corporate and event bookings beyond holiday stays.
9. Complex comprises 30 total units, with 17 units in the letting pool, indicating a mix of owner-occupied and revenue-generating stock.
10. Long-term accommodation management agreement originally 25 years with 23 years remaining, providing contractual revenue stability.
11. Operational advantages include no requirement to live onsite and no obligation to maintain the pool, tennis court or BBQ area, reducing owner workload and maintenance exposure.
12. Vendor states secure salary and repeat happy guests, implying established occupancy patterns, but prospective purchasers should verify figures and representations.
Management Rights Multiplier: 4.13
ROI Estimate: 17.69%
