Key Investment Insights
1. Asking price invites serious offers above $715,000, with listed net profit of $115,680 indicating a clear cashflow profile.
2. Body Corporate salary/remuneration of $58,556.60 inclusive of GST provides a stable recurring income stream.
3. Managers apartment valued at $590,000, three bedrooms and two bathrooms, direct pool access, single-car garage, pets permitted, adding substantial owner-occupied asset value.
4. Office on title and manager unit on title strengthen operational control and enhance saleable asset package.
5. 11 of 18 units in the letting pool, with extensively refurbished apartments ready to increase letting income and occupancy returns.
6. Well maintained gardens, resort-style pool, BBQ area, Wi-Fi and Pay TV support a strong guest experience and competitive short-stay offering.
7. Supportive committee and owners, plus owners all on board with the letting pool, indicate low friction for operations and management.
8. Large sinking fund of $115,000 provides capital for further improvements without immediate special levies.
9. Agreement module listed as Accommodation, agreement term 25 years with approximately 10 years remaining, and a top-up pending at the next AGM suggesting future fee uplift and contract security.
10. Absolute beachfront location with Coral Sea views, compact relaxed complex lifestyle, and an expansive refurbished beachfront managers residence enhancing appeal to both guests and owner-operators.
11. Prime accessibility, located 500 metres from shopping and medical services and about a 15-minute drive to the international airport, supporting year-round tourism and convenience.
Management Rights Multiplier: 1.08
ROI Estimate: 16.18%
