Key Investment Insights
1. Established Management Rights business in a prime tourist location in Surfers Paradise.
2. Mix of one, two, and three bedroom fully self-contained apartments with private balconies and various views.
3. Amenities such as a pool, spa, gym, and secure parking available for guests.
4. Supportive body corporate with a recent 24-year agreement secured.
5. Minimal caretaking duties due to recent refurbishments and hired gardener.
6. Ground floor managers unit with two bedrooms, one bathroom, and separate laundry.
7. Potential for growth by securing 18 outside agents back into the letting pool.
8. Net profit of $333,723.
9. Managers unit valued at $629,500.
10. Complex information includes 73 units, 26 in the letting pool, and various facilities such as a pool, spa, sauna, gym, tennis court, and BBQ area.
Management Rights Multiplier: 4.98
ROI Estimate: 20.10%