Key Investment Insights
1. Reduced price listing, total asking price $1.35M comprising $550k for management rights and $800k for a unit.
2. Proven profitability, reported net profit $177,129.
3. Manager remuneration and body corporate salary combined $68,338, providing predictable cash flow to operators.
4. Manager’s apartment valued at $850,000, three bedrooms, one bathroom, one car space, adding significant asset value.
5. Long-term agreement structure, original term 25 years with 18 years remaining, offering tenure security.
6. Resort/holiday complex of 29 units, with 17 in the letting pool, 10 owner-occupied, one outside agent unit and one lockup unit, indicating established letting operations.
7. Prime beachfront location directly opposite Sunrise Beach, many apartments with ocean views, strong appeal for holidaymakers.
8. Close proximity to Hastings Street boutique shopping, restaurants and Noosa National Park, enhancing year-round demand.
9. Beach safety and family appeal, Sunrise Beach is patrolled during peak periods and weekends from September to April.
10. Accommodation product comprises spacious, fully self-contained two-bedroom, two-storey units described as bright and airy, suitable for holiday letting.
11. Easy access and local amenities, recognisable tennis court landmark, nearby café, and straightforward access when travelling north from Peregian Beach, supporting guest convenience.
Management Rights Multiplier: 2.82
ROI Estimate: 13.12%
