Key Investment Insights
1. No requirement to live onsite, providing flexibility for the owner.
2. Long remaining agreements of 22 years, providing stability and security for the business.
3. Supportive committee, creating a positive working environment for the manager.
4. Great business with an excellent return on investment, making it a profitable opportunity.
5. Prime location with broadwater views, close to popular tourist attractions and amenities.
6. Popular and in demand, with high occupancy rates and potential for growth.
7. Manager's unit valued at $470,000, providing a comfortable and desirable living space.
8. Complex is a mix of holiday and permanent units, providing diverse income streams.
9. Large number of units in the letting pool, providing potential for growth and increased income.
10. Range of facilities including a pool, spa, tennis court, BBQ area, pay TV, and WIFI, making it an attractive option for guests.
11. Agreement module is in the accommodation category, providing flexibility for the manager.
12. High demand for holiday units, providing potential for increased income and growth.
13. Strong financial performance with a net profit of $333,000 and a remuneration/body corp salary of $79,000.
14. Regular CPI salary reviews, providing potential for increased income over time.
15. Opportunity to own a top performing Gold Coast Management Rights business, with potential for further growth and success.
Management Rights Multiplier: 4.82
ROI Estimate: 20.75%