Key Investment Insights
1. Absolute beachfront holiday complex, every unit has uninterrupted north facing ocean views.
2. Prime Tugun location, minutes from Gold Coast airport and major transport routes.
3. Net income $277,354, asking price $2,400,000.
4. Managers apartment valued at $1,200,000, renovated ground floor 2 bedroom 2 bathroom with private yard and one car space.
5. Exclusive use office for managers, no set office hours enabling flexible management.
6. Generous body corporate salary with annual CPI review.
7. Letting pool currently 17 of 48 units, clear potential to increase rental pool and boost revenue.
8. Agreement module accommodation, 20 year agreement with 16 years remaining.
9. Strong tourism demand for the Southern Gold Coast and a relaxed beachside suburb lifestyle.
10. Onsite amenities include pool, spa, BBQ area and WiFi, supporting holiday market appeal.
11. Owner occupied and outside agent distribution indicates stable owner involvement, current owners exiting after a decade allowing smooth handover.
Management Rights Multiplier: 4.33
ROI Estimate: 11.56%