Key Investment Insights
1. The property is a well-presented four-star beachfront property with a top location and impressive street appeal.
2. The property comprises of two, three, and four-bedroom apartments, recently upgraded and fully equipped with quality fittings.
3. The business is well-priced and has excellent profitability.
4. The property has a large beachfront resort pool, spa, BBQ and cabana area, and other amenities such as cable TV, Wi-Fi, and a tour desk.
5. The manager's apartment is a spacious two-bedroom, two-bathroom unit with an office on title and sea views.
6. The business has good agreements and a good salary of $65,000 exclusive of GST.
7. Most of the units are in the letting pool, providing flexibility for all guests.
8. The business operation is fully set up with onsite management who reside onsite.
9. The property has secure basement parking and other features such as landscaped gardens and water features.
10. The manager's apartment has been recently upgraded with new carpets, curtains, and appliances.
11. The property is a holiday complex with a four-star rating and a total of 24 units, with 21 units in the letting pool.
12. The agreement module is accommodation, with a term of 25 years and 23 years remaining.
13. The property allows for pets.
14. The business has a net profit of $515,000.
15. The value of the manager's apartment is $725,000.
16. The business presents a great opportunity to live the tropical dream.
17. Confidentiality conditions apply for viewing the property.
Management Rights Multiplier: 4.32
ROI Estimate: 23.15%
