Key Investment Insights
1. Under contract status, indicating an active sale process and likely buyer interest.
2. Asking price $735,000 inclusive of manager's real estate, with reported net profit $50,500.
3. Extremely attractive 2X multiplier, well below typical Gold Coast range of 3–5, implying rapid ROI and quick capital recovery.
4. Managers apartment on title valued at $620,000, two bedrooms and two bathrooms, one car space, private enclosed courtyard.
5. Office attached and on title, providing secure on-site workspace and clear legal ownership.
6. Long agreements, 25-year term with 24 years remaining, offering long-term income stability.
7. Low operational workload, can be run by one person, current owners operated successfully for 12 years.
8. Strong location appeal, waterfront on the Nerang River with private jetty and marina berth, ten-minute walk to the beach, five-minute walk to Cavill Mall and tram station.
9. Boutique three-storey walk-up complex, 16 total units, seven in the letting pool, mixed complex with pool amenity.
10. Remuneration/body corporate salary component $26,200, with manager’s real estate included in the sale package.
Management Rights Multiplier: 2.28
ROI Estimate: 43.91%