Key Investment Insights
1. Price structure clearly stated, $600k for management rights and $850k for the managers unit, total $1.45M.  
2. Net profit reported at $177,129, indicating an established profitable operation.  
3. Managers remuneration and body corporate salary of $68,338 provides additional cash flow to the operator.  
4. Managers apartment valued at $850,000, 3 bedrooms, 1 bathroom, 1 car space, offering owner accommodation and capital value.  
5. Long management agreement originally 25 years, with 18 years remaining, delivering multi-year contract security.  
6. Complex scale of 29 units, with 17 units in the letting pool, 10 owner-occupy units, 1 outside agent unit and 1 lockup unit, indicating a sizeable pool and limited external competition.  
7. Directly opposite Sunrise Beach with many apartments featuring ocean views, enhancing premium pricing and guest appeal.  
8. Strong location appeal from proximity to Hastings Street boutique shopping, renowned restaurants and Noosa National Park, supporting year-round demand.  
9. High demand drivers: Sunrise Beach reputation, safe patrolled surf during peak periods and weekends from September to April, and consistent holiday-market occupancy.  
10. Property configuration of spacious, fully self-contained two-bedroom two-storey apartments, suited to holidaymakers and family stays.  
11. Convenient local amenities and access, including a nearby café, easy coastal access from Peregian Beach and a tennis court as a recognisable landmark.  
12. Listed by specialists in motels, hotels, pubs, parks and management rights, suggesting sector expertise in the sale process. 
                    Management Rights Multiplier: 3.39
                    ROI Estimate: 29.52%