Key Investment Insights
1. Absolute beachfront complex with direct beach access and every unit featuring uninterrupted north facing ocean views, major holiday appeal.
2. Asking price $2,400,000, reported net income $277,354.
3. Managers apartment valued at $1,200,000, representing roughly 50 percent of the asking price.
4. Renovated ground floor 2 bedroom, 2 bathroom manager unit with private yard, exclusive use office, 1 car space and pets allowed.
5. Generous body corporate salary with annual CPI review, providing indexed income protection.
6. No set office hours, enabling flexible manager work arrangements.
7. Established 20 year accommodation agreement with 16 years remaining, offering long term operational stability.
8. Complex of 48 holiday units, currently 17 in the letting pool, indicating clear potential to increase lettings and revenue.
9. Strong tourism demand and prime Southern Gold Coast location in Tugun, minutes from the airport and major transport routes.
10. Onsite amenities include pool, spa, BBQ area and WiFi, supporting guest experience and occupancy.
11. Unit mix shows 13 owner occupied, 8 outside agent and 9 lockup units, implying opportunities to grow manager-controlled inventory.
12. Current owners operated the business for a decade, suggesting established systems and an opportunity for a smooth transition.
Management Rights Multiplier: 4.33
ROI Estimate: 11.56%