Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit $172,159, indicating healthy current cashflow and profitability.
2. Price listed as Expressions of Interest, signalling likely competitive sale process.
3. Business described as simple to manage, with efficient systems and light duties, suitable for an owner operator seeking low operational complexity.
4. Letting pool mix provides stability, comprising 12 permanent rentals, 17 externally managed units, and 15 lockups, delivering a steady income base.
5. Clear commercial upside to reintroduce holiday letting in a high demand Surfers Paradise market, offering significant growth potential.
6. Manager’s unit is modern and spacious, 2 bedrooms and 2 bathrooms, full air conditioning, secure car space and large private yard, supporting on site management and lifestyle appeal.
7. Body Corporate salary $132,092 plus GST, which comprises over 70 percent of total income, providing a stable, predictable revenue stream.
8. Body Corporate income increases annually with CPI, adding automatic income protection against inflation.
9. Long term security from agreement structures, with a 25 year term and 22 years remaining, reducing owner turnover risk.
10. Includes a generous 30 sqm professional office, enabling productive home based administration without additional leased space.
11. Complex is absolute waterfront, peaceful and modern, enhancing rental appeal and lifestyle value.
12. Prime Surfers Paradise location, close to beaches, shops, dining, public transport, medical services and major roads, supporting strong demand for both permanent and short term accommodation.
