Key Investment Insights
1. Listed price $1,790,000, reported net profit $205,000, with body corporate remuneration $83,529 and CPI annual review, indicating clear financials and indexed income.
2. Management rights include a fully renovated, spacious 2-bedroom, 2-bath manager’s residence valued at $975,000, on-title office, two car spaces, pets permitted, ground-floor private location.
3. Absolute beachfront position with direct beach access and ocean views, offering strong appeal to holidaymakers and premium pricing potential.
4. Long-term agreements in place, 25-year agreement module for accommodation with 22 years remaining, providing contractual stability and predictable revenue.
5. Established, low-maintenance, well-maintained building described as a consistent, strong year-on-year performer, reducing operational risk.
6. Mixed-use complex of 35 units, with 18 units in the letting pool and 11 owner-occupied units, supporting both management income and owner relations.
7. On-site amenities include a pool, tennis court, BBQ area and WiFi, enhancing guest experience and rental competitiveness.
8. Small number of outside/lockup units, one outside agent and five lockup units, suggesting manageable external competition and storage options.
9. Prime Southern Gold Coast location in Tugun, noted for uncrowded surf breaks, trendy cafes and a village atmosphere, increasing year-round demand.
10. Excellent connectivity, with easy access to the M1, Gold Coast Airport and top local schools, broadening guest and resident markets.
11. Opportunity suitable for experienced or first-time operators, with retiring long-term managers enabling an immediate owner-operator transition.
12. Manager’s unit included on title and high intrinsic real estate value creates combined lifestyle and asset investment upside.
Management Rights Multiplier: 3.98
ROI Estimate: 25.15%