Key Investment Insights
1. Listed price $1,250,000, with reported net profit $230,000, indicating a strong earnings multiple.
2. Managers apartment valued at $260,000, with office on title, providing owner-operator accommodation and asset value.
3. Remuneration / body corp salary reported at $57,000, delivering a secure salary component separate to net profit.
4. Long-term accommodation agreement originally 25 years, 23 years remaining, offering tenure stability for the letting operation.
5. Complex comprises 31 total units, 17 units in the letting pool, indicating scope to increase revenue by placing more units into management.
6. Prime Broadwater-front location directly across from the Broadwater, central to Gold Coast attractions, shopping and restaurants, enhancing guest demand.
7. Convenient access to public transport, supporting ease of guest arrival and local connectivity.
8. Onsite resort facilities include pool, spa, tennis court, BBQ area and WIFI, supporting strong guest amenity offering.
9. Fully equipped conference room with seating for up to 20 delegates, representing an established revenue diversification opportunity.
10. Adjoining complex maintains shared pool, BBQ and tennis court, implying cooperative amenity management and potential cost efficiencies.
11. No requirement to live onsite and no fixed hours, offering operational flexibility for an owner or manager.
12. Established repeat business implied by “happy return guests”, supporting occupancy resilience and revenue stability.
Management Rights Multiplier: 4.30
ROI Estimate: 18.40%
