Key Investment Insights
1. Net operating profit $173,492, asking price $1,650,000, sale inclusive of manager’s real estate.
2. Manager’s apartment valued at $950,000, spacious modern two-bedroom layout with extra toilet, secure car space, and two large outdoor living areas.
3. Professional on-title office with separate entrance and exclusive use, enhancing operational legitimacy and resale value.
4. Long-term 25-year accommodation agreement with 22 years remaining, providing contract stability and predictable income.
5. Body Corporate salary $57,151 plus GST with annual CPI increases, delivering indexed recurring remuneration.
6. Letting pool of 11 + 1 units, comprising 8 holiday and 3 permanent rentals, plus two lockup storage units, supporting diversified revenue streams.
7. Minimal caretaking duties and no set office hours, indicating a low workload management rights model.
8. Impeccably run operations with comprehensive systems in place, large storage areas for convenience, and a cooperative body corporate committee.
9. Strong online reputation, consistently rated above 9/10 on Google reviews, supporting guest demand and pricing power.
10. Prime Surfers Paradise beach location, walkable to restaurants, beach, bars, shops and public transport, while described as peaceful and removed from noise.
11. Onsite complex amenities include pool, spa and sauna, enhancing appeal to holiday guests and residents.
12. Pet-friendly policy and option not to live onsite, increasing marketability to managers and tenants.
Management Rights Multiplier: 4.03
ROI Estimate: 24.78%