Key Investment Insights
1. Well-presented four star beachfront property with top location and impressive street appeal.
2. Comprised of two, three, and four bedroom apartments, offering flexibility for all guests.
3. Recently upgraded and fully equipped with quality fittings, including the two bedroom manager's unit.
4. Excellent business with high profitability and good agreements, including a salary of $65,000 exclusive of GST.
5. Onsite management who reside onsite, providing efficient and attentive service.
6. Large beachfront resort pool with spa, BBQ and cabana area, cable TV, and upgraded Wi-Fi.
7. Additional amenities such as a tour desk, lift access, landscaped gardens, water features, and hire cars.
8. Secure basement parking for guests.
9. Manager's apartment is spacious and well-appointed, with two bedrooms, two bathrooms, and an office on title.
10. Complex type is holiday and star rating is four, with 24 total units and 21 units in the letting pool.
11. Agreement module is accommodation with a term of 25 years, with 23 years remaining.
12. Additional features such as a pool, spa, BBQ area, pay TV, and WIFI make this property a desirable vacation destination.
13. Opportunity for new owners to live the tropical dream and continue the successful business operations.
14. Confidentiality conditions apply for interested buyers.
Management Rights Multiplier: 4.32
ROI Estimate: 23.15%
