Key Investment Insights
1. Net profit of $173,492, indicating strong cashflow for a boutique management rights business.
2. Managers apartment valued at $950,000, providing significant owner-occupier equity and asset value.
3. 25 year accommodation agreement with 22 years remaining, offering long-term contractual security.
4. Body corporate salary reviewed annually by CPI, providing automatic income indexation.
5. No set office hours in the agreement, enabling flexible operations suitable for a single operator or couple.
6. Boutique, low-maintenance complex of 24 units, with 12 units in the letting pool, supporting manageable workloads.
7. Two dual-key units and one external let, increasing letting flexibility and revenue potential.
8. Self-contained holiday apartments with outstanding 5-star Google reviews, supporting high occupancy and repeat bookings.
9. On-site amenities include pool, spa, sauna and secure underground parking, enhancing guest appeal and competitiveness.
10. Ground-floor manager’s unit with two bedrooms, 1.5 bathrooms, oversized private courtyard and pet-friendly status, ideal for lifestyle-focused operators.
11. Prime beachside location steps from patrolled sand, directly opposite the Surf Club, with park access and tram stop nearby, maximising tourist demand.
12. Proactive and highly supportive Body Corporate, reducing management friction and operational risk.
Management Rights Multiplier: 4.03
ROI Estimate: 10.51%