Key Investment Insights
1. Net profit $333,723 against an asking price of $2,250,000, equating to a low multiplier of 4.12, indicating strong return on investment.
2. Stable Body Corporate salary of $112,000 with CPI increases, providing predictable recurring remuneration.
3. Long-term 25-year management agreement with 24 years remaining, offering contractual income stability.
4. Manager’s residence included and valued at $875,000, comprising 2 bedrooms, 1 bathroom and 1 secure underground car space.
5. Exclusive-use professional office and reception area with ample storage, supporting on-site operations and guest service.
6. Letting pool of 26 units (17 holiday, 9 permanent) within a 73-unit complex, providing a mix of income streams and occupancy security.
7. Fifteen units managed by outside agents, presenting clear upside for income growth through conversion to the letting pool.
8. Strong holiday bookings in a highly sought-after, central Gold Coast location, within walking distance to beach, shops, restaurants, entertainment and public transport.
9. Low operational workload, simple tasks required, with most garden work covered by the Body Corporate, reducing day-to-day management burden.
10. Established business for over a decade, with on-site amenities including pool, gym, tennis court and BBQ area that support sustained holiday demand.
Management Rights Multiplier: 4.12
ROI Estimate: 24.27%