Key Investment Insights
1. Net profit of $470,000, offering a reported return on investment of over 11% based on the asking price.
2. Asking price $4,200,000, inclusive of the manager’s real estate and with a stated business value of $2,100,000.
3. Absolute beachfront location with direct beach access via a private, secure gate, enhancing premium guest appeal.
4. Manager’s residence on title, elevated ground floor 3 bedroom apartment with 2.5 bathrooms including a spa, large balcony with ocean views, one allocated car space and large storage cage.
5. Office and reception are on title and detached from the manager’s residence, supporting professional guest check in and on‑site operations.
6. Long security of tenure with 20 years remaining on the accommodation agreements.
7. Established letting pool of 18 of 33 total lots, providing an existing revenue base with upside to grow the pool.
8. Strong ongoing cashflow component via a Body Corporate salary of over $122,000 inclusive of GST.
9. Efficient property management operations using the Resly property management system.
10. Supportive, proactive Body Corporate and committee, which can ease operational relations and approvals.
11. Resort facilities including pool and BBQ area, plus proximity to Pacific Fair Shopping Centre, the casino and major festivals, supporting consistent tourist demand.
12. Clear revenue expansion opportunities via tour desk services and additional owner and guest services, with experienced long‑standing managers willing to sell for consolidation.
Management Rights Multiplier: 4.47
ROI Estimate: 11.19%