Key Investment Insights
1. Highly sought-after location: The business is located right on the beach in Surfers Paradise, a popular tourist destination known for its beautiful beaches and lively atmosphere.
2. Diverse range of unit sizes: The business offers 1, 2, and 3 bedroom units, catering to a variety of guests and their needs.
3. Limited competition: With only 3 units per floor, the business offers a more exclusive and private experience compared to larger apartment complexes in the area.
4. North-facing balconies: All units feature balconies facing north, providing guests with a sunny outlook and maximizing natural light.
5. Fully self-contained units: The units are fully equipped with everything guests need for a comfortable stay, including kitchen facilities, making it a popular choice for longer stays.
6. Secure parking and lift access: The business offers secure parking for 1 car per unit in the locked basement, as well as lift access from the basement, providing convenience and peace of mind for guests.
7. Close proximity to popular attractions: The business is within walking distance to the heart of Surfers Paradise and Broadbeach, offering guests easy access to popular restaurants, nightlife, and shopping centers.
8. Private beach access: The business has private access to the beach, which is patrolled by life savers or life guards all year round, providing a safe and enjoyable beach experience for guests.
9. Lifestyle opportunity: The business offers a lifestyle opportunity for the new owner, with the potential to live on-site and enjoy the beachfront location.
10. Strong financials: The business has a net profit of $76,080 and a remuneration/body corp salary of $51,157, providing a solid financial return for the new owner.
11. Manager's apartment included: The sale includes a 2-bedroom manager's apartment valued at $595,000, providing a comfortable and convenient living space for the new owner.
12. Pet-friendly: The manager's apartment is pet
Management Rights Multiplier: 4.60
ROI Estimate: 21.74%