Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit $314,698, delivering an advertised 27% return on the business, indicating strong current profitability.
2. Asking price $1,880,000 inclusive of manager’s real estate, enabling a bundled purchase of trading rights and residence.
3. Stable Body Corporate salary of $115,523 plus GST, with annual CPI increases, providing secure baseline cashflow.
4. Long-term 25-year agreement with 22 years remaining, offering contract stability and predictable income streams.
5. Mixed letting model with a small internal letting pool of 20 units (15 holiday, 5 permanent), creating reliable core revenue.
6. Additional 18 units managed by outside agents and 32 owner-occupied units, representing clear upside for growth in managed stock.
7. Simple, low-maintenance operations, with most garden work covered by the Body Corporate, reducing owner workload and operating costs.
8. Well-appointed manager’s residence valued at $735,000, featuring 2 bedrooms, 1 bathroom, secure underground car space and an exclusive-use office and reception area.
9. Prime Surfers Paradise location in the heart of the Gold Coast, within walking distance to the beach, shops, restaurants, entertainment precincts and public transport, supporting strong holiday demand.
10. Established business with over a decade of operation, located in a complex of 73 units with on-site amenities including pool, gym, tennis court and BBQ area, enhancing guest appeal.
Management Rights Multiplier: 3.64
ROI Estimate: 16.74%