Key Investment Insights
1. Absolute beachfront location with Coral Sea views, expansive renovated three‑bedroom managers residence directly on the beach.
2. Asking price $765,000 inclusive of manager’s real estate, net profit $115,680, body corporate salary/remuneration $45,923.
3. Manager’s apartment valued at $590,000, three bedrooms, two bathrooms, single garage, direct pool access, pets allowed.
4. 11 units in the letting pool out of 18 total complex units, six owner‑occupied units indicating a majority of units available for short‑term letting.
5. Agreement originally 25 years with 11 years remaining, scope to top up the agreement term.
6. Large office is on title, providing secure on‑site administration space.
7. Supportive committee and owners, with all letting pool owners described as happy and on board.
8. Resort‑style amenities including well maintained gardens, pool, BBQ area, Wi‑Fi and pay TV, enhancing guest appeal and occupancy potential.
9. Extensive apartment refurbishments completed, units described as ready to reap letting rewards.
10. Substantial sinking fund of $115,000 available to fund further improvements.
11. Very convenient location, 500 metres to shopping and medical services, and approximately a 15‑minute drive to the international airport.
12. Compact complex and relaxed beachfront lifestyle position the management rights as an attractive long‑term residential and income investment.
Management Rights Multiplier: 1.51
ROI Estimate: 66.10%
