Key Investment Insights
1. Well-established management rights business located in a popular tourist destination.
2. Prime location in Surfers Paradise, with easy access to popular attractions and public transportation.
3. Mix of one, two, and three bedroom fully self-contained apartments with private balconies and views.
4. Amenities including a pool, spa, gym, and secure parking.
5. Supportive body corporate with a recently secured 24-year agreement.
6. Minimal caretaking duties due to recent refurbishment and regular gardening services.
7. Ground floor manager's unit with two bedrooms, one bathroom, and additional storage space.
8. Potential for growth by securing 18 outside agents back into the letting pool.
9. Net profit of $333,723.
10. Manager's unit valued at $629,500.
11. Complex information includes 73 units, 26 in the letting pool, and a mix of holiday and owner-occupied units.
12. Agreement module is accommodation with 24 years remaining on the term.
13. On-site amenities include a pool, spa, sauna, gym, tennis court, and BBQ area.
Management Rights Multiplier: 4.98
ROI Estimate: 20.10%