Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime location overlooking Shelly Beach in Hervey Bay, close to shops, cafes, and restaurants.
2. Spacious, fully self-contained 1 and 2 bedroom apartments with large bedrooms and living areas, balconies, gourmet kitchens, and laundry facilities.
3. Easy operation with minimal gardening and mowing.
4. Body Corp covers pool upkeep expenses.
5. Complex amenities include a swimming pool, spa, sauna, gym, tennis court, and BBQ facilities.
6. Strong financials with a net profit of $440,533 and a remuneration/Body Corp salary of $62,505.
7. Managers unit valued at $550,000 with 2 bedrooms, 2 bathrooms, and 2 car spaces.
8. Office included on title and potential to convert back office into a 3rd bedroom.
9. Complex type is holiday with 49 total units, 26 in the letting pool, and 13 owner-occupied units.
10. Long agreement term of 25 years with 19 years remaining.
11. Additional amenities such as a pool, spa, sauna, gym, tennis court, and BBQ area.
12. Pay TV available for guests.
13. Potential for growth and increased profits through marketing and management strategies.
Management Rights Multiplier: 5.22
ROI Estimate: 15.46%
