Key Investment Insights
1. Highly rated management rights business located in the popular Trinity Beach area of Cairns, Far North Queensland.
2. Comprises the rights over two quality properties, with a total of 40 lots and 29 in the combined letting pool.
3. Strong support from customers, reflected in multiple top ratings nationwide.
4. Well-maintained apartments, offering a mix of one, two, and three bedrooms with sea or tropical views.
5. Astutely prepared marketing plans and packages to meet the needs of guests.
6. Elevator service to all floors, within 30m of the beach, and close to restaurants, taverns, and specialty shops.
7. Body Corporate agreements with a lengthy expiry in 2043.
8. Managers apartment is a private and spacious two bedroom, two bathroom with a garden outlook to the sea.
9. Exclusive use of office facilities, linen rooms, tool sheds, and storage.
10. Net profit of $450,000 and remuneration/body corp salary of $97,021.
11. Manager's apartment valued at $620,000.
12. Complex type is holiday and includes a pool and BBQ area.
13. Agreement module is accommodation with a 25-year term remaining.
14. Strong potential for steady repeat bookings and continued success.
Management Rights Multiplier: 3.90
ROI Estimate: 25.64%