Key Investment Insights
Key Insights:
1. Unique supervisory role management rights business in the vibrant heart of Surfers Paradise.
2. Lucrative Body Corporate salary covers essential services, allowing owners to focus on strategic growth of the letting business.
3. Charming three storey walk up with heated outdoor pool, BBQ area, and convenient underground parking.
4. Spacious air-conditioned residence with 2 bedrooms, study/office, 1 bathroom, 2 toilets, and car space.
5. Diverse letting pool of 10 holiday units and 25 permanent residences, with potential to expand by reclaiming 23 units managed by external agents.
6. Current owners retiring after 13 years of ownership, providing opportunity for new owners to grow the business.
7. Net profit of $275,000 and property code of 55.
8. Managers unit valued at $600,000 with 2 bedrooms, 1 bathroom, and exclusive use office.
9. Complex type is holiday with 88 total units and 35 in the letting pool.
10. Agreement module is accommodation with a term of 25 years and 15.5 years remaining.
11. On-site amenities include a pool and BBQ area.
Management Rights Multiplier: 4.07
ROI Estimate: 24.55%