Key Investment Insights
1. Prime location in the heart of Surfers Paradise, only 50 meters from the beach and a short walk to Cavill Avenue.
2. High-rise apartment complex with fully self-contained one and two-bedroom apartments, all with ocean views and private balconies.
3. Attractive amenities including a heated outdoor pool, two spas, BBQ area, and complimentary underground secure parking.
4. Spacious two-bedroom, two-bathroom manager's residence with an expansive courtyard.
5. Tailored for a dynamic duo, with the potential for an additional staff member to assist with weekend reception duties.
6. Supportive and active Body Corporate Committee.
7. Recently extended agreements for another five years, providing stability and longevity for the investment.
8. Net profit of $446,345.
9. Manager's unit valued at $650,000.
10. Complex type is holiday, with 31 units in the letting pool and 12 owner-occupied units.
11. Accommodation agreement module with 18 years remaining.
12. On-site amenities include a pool, spa, sauna, and BBQ area.
Management Rights Multiplier: 5.12
ROI Estimate: 19.54%