Key Investment Insights
AI generated. Confirm details with the seller.
1. Absolute beachfront position in Tugun, with direct sand access and no roads to cross.
2. Reported net profit of $557,000, with $115,928 remuneration and body corporate salary.
3. Established letting pool of 43 units within a 74 unit complex.
4. Long term management agreements have 21 years remaining, supported by a cooperative body corporate.
5. Manager’s residence is a well presented three bedroom, two bathroom apartment with views, privacy and one car space.
6. Strong repeat clientele supports the complex’s established holiday letting operation.
7. Prime Southern Gold Coast location near the airport, public transport, attractions, cafes and bars.
8. Potential growth is identified through marketing, dynamic rate management and increased hands on involvement.
9. Existing onsite management staff may remain, potentially supporting continuity for a remote working owner.