Key Investment Insights
AI generated. Confirm details with the seller.
1. Asking price $995,000, net profit $147,482, indicating a strong cashflow profile and an approximate net yield of 14.8% on asking price.
2. Manager remuneration / body corporate salary of $30,220 provided separately, enhancing owner-operator income potential.
3. Included manager’s apartment on title valued at $595,000, two bedrooms, two bathrooms, one car space, providing a significant built-in real estate asset within the sale.
4. Manager’s apartment features an on-title office, supporting on-site administration and low-cost management.
5. Business described as ideal for first-time buyers, easy to run, with excellent systems in place, reducing operational and transition risk.
6. Holiday complex of 12 units, with 10 units in the letting pool and one owner-occupy unit, offering scale while remaining manageable.
7. Long-term agreement structure, 25-year term with 21 years remaining, provides contract stability for ongoing letting operations.
8. Prime waterfront location, directly opposite swimming and paddle boarding, capitalising on Hervey Bay’s year-round sub-tropical climate.
9. North-facing esplanade setting with several boutique cafés and restaurants, enhancing guest experience and demand for short-stay accommodation.
10. Pet policy not permitted in the manager’s apartment, implying consistent occupancy rules and potential reduced wear and tear.
Management Rights Multiplier: 2.71
ROI Estimate: 14.82%
