Key Investment Insights
Key Insights:
1. Exclusive 4.5 star beachfront resort on Cairns Northern Beaches with excellent facilities and well-maintained property.
2. Manager's apartment includes a large three bedroom two bathroom apartment with reception and back office on title.
3. Spacious and well-appointed guest apartments with beachfront views.
4. Tropical gardens, beach access directly across the road, and full resort facilities.
5. High business security with 63% units in the pool, 23 years on agreements, and a top salary of $143k.
6. Current average room rate is over $400 per night.
7. Pets are allowed with body corporate approval.
8. Adjacent restaurant is privately operated.
9. Manager's apartment valued at $620,000.
10. Complex type is holiday with a 4.5 star rating and a total of 61 units.
11. 38 units in the letting pool, 10 owner-occupied units, and 8 outside agent units.
12. Agreement module is accommodation with a term of 25 years and 23 years remaining.
13. Resort amenities include a large pool, BBQ area, cable TV, Wi-Fi, tour desk, and lush tropical gardens.
14. Secure basement parking available.
15. Property is adjacent to the beach.
Management Rights Multiplier: 4.49
ROI Estimate: 22.27%
