Key Investment Insights
1. Absolute beachfront, prime Southern Gold Coast location with direct beach access and every unit offering uninterrupted north facing ocean views.
2. Net income $277,354, with business value listed at $1,200,000.
3. Generous body corporate salary $107,666, reviewed annually by CPI.
4. Managers apartment included, renovated ground floor 2 bedroom 2 bathroom unit with private yard, 1 car space, exclusive use office, pets allowed, manager unit value $1,200,000.
5. No set office hours, offering flexible operational arrangements for new managers.
6. Established 20 year accommodation agreement, 16 years remaining, providing long-term contractual stability.
7. Complex size 48 units, currently 17 in the letting pool, presenting clear upside to increase lettings and revenue.
8. Strong tourism demand in Tugun, minutes from Gold Coast airport and major transport routes, supporting high occupancy potential.
9. Onsite amenities include pool, spa, BBQ area and WiFi, enhancing guest appeal and competitive positioning.
10. Current ownership operated for a decade, indicating operational stability and handover readiness.
11. Mix of ownership types within the complex includes 13 owner-occupied units, 8 outside agent units and 9 lockup units, indicating a diversified management environment.
12. Agreement module listed as accommodation, aligning business operations squarely with holiday letting market.
Management Rights Multiplier: 4.33
ROI Estimate: 11.56%