Key Investment Insights
1. Management Rights opportunity available for experienced active equity managers to take over the day-to-day management of a well-established beachfront resort in Tugun, Southern Gold Coast.
2. A 30% share is available for an active management team/couple, with an equity requirement of $478,500 for a return of approximately $165,000 per annum.
3. The package includes a beautifully renovated managers unit with three bedrooms and two bathrooms on the ground floor opposite the beach.
4. The resort offers a range of facilities including a heated outdoor pool and spa, sauna, gym, BBQ areas, direct beach access, and secure underground parking.
5. Located in the heart of the beachside village of Tugun, within walking distance to restaurants, cafes, bars, shopping facilities, and only 5 minutes from the Gold Coast Airport.
6. Popular location for those looking to live and work beachside in one of the up-and-coming beachside areas on the Gold Coast.
7. Business snapshot: Price of $1,260,000 (= 30% share), net profit of $551,636, and remuneration/body corp salary of $113,861 with annual CPI review.
8. Managers unit valued at $1,100,000 and includes 3 bedrooms, 2 bathrooms, 1 car space, and an office on title with direct access from the apartment.
9. Complex information: Holiday complex with 74 units, 47 units in the letting pool, and an accommodation agreement module with a term of 25 years remaining.
10. On-site amenities include a pool, spa, sauna, gym, and BBQ area.
Management Rights Multiplier: 0.29
ROI Estimate: 344.77%