Key Investment Insights
1. Net operating profit $326,547, with body corporate remuneration $77,758 plus GST, indicating strong cash flow for operators.
2. Total asking price $2,195,000, structured as $1.395M for management rights and $800K for the managers unit, enabling separate valuation of business and real estate.
3. Attractive 14.88% ROI and a 4.27 times seller multiple, offering a compelling yield relative to purchase price.
4. Long-term contract security, with 25 year agreement originally and 22 years remaining on the Accommodation Module agreements.
5. Prime Bribie Island location, approximately one hour from Brisbane, benefiting from coastal lifestyle appeal and commuter accessibility.
6. Strong and steady demand drivers, with year-round holiday and golf markets supporting occupancy levels.
7. Resort style complex presentation and facilities, enhancing guest appeal and supporting premium nightly rates.
8. Complex scale and mix: 50 total units, 18 in the letting pool, 29 owner occupied and 3 lockup units, implying stable owner population and managed revenue streams.
9. Spacious ground floor managers residence, 3 bedrooms and 2 bathrooms, with recent renovations and a renovated ensuite to the main bedroom.
10. High quality residence fitout, including modern kitchen with stone benchtops, large private courtyard with built in kitchen, abundant natural light and ample storage for low maintenance living.
11. Long lease term and established management structure provide operational continuity, suited to experienced operators or buyers seeking a sea change.
12. Blue chip coastal location surrounded by beaches, coastal walks and cafés, supporting lifestyle value and strong tourism appeal.
Management Rights Multiplier: 4.27
ROI Estimate: 23.41%