Key Investment Insights
Key Insights:
1. Rare opportunity to own a management rights business with direct beach access in Tugun.
2. Well-established business with strong client base of repeat guests and solid future bookings.
3. All apartments have been beautifully renovated and the property has excellent relationships with unit owners and Body Corporate.
4. Net profit of $202,000 annually.
5. Business price of $850,000 at 4.2x multiple.
6. Unit price of $975,000.
7. Total price of $1.825M.
8. 23 years remaining on Accommodation Module.
9. Manager's unit has been tastefully renovated and features a relaxing outdoor area.
10. Ideal balance of work and lifestyle in prime beachfront location.
11. Contact Kerrie Lush for inspection.
12. Specialists in Management Rights, Motels, Hotels, Pubs, and Parks.
13. Business snapshot includes net profit, price, and remuneration/body corp salary.
14. Manager's unit has a value of $975,000 and features 2 bedrooms, 2 bathrooms, and 2 car spaces.
15. Complex is a resort/holiday type with 35 total units and 18 units in the letting pool.
16. 14 owner-occupied units and 3 lockup units.
17. Agreement term is 25 years with 23 years remaining.
Management Rights Multiplier: 4.19
ROI Estimate: 23.84%