Clifton Beach, Queensland

4 STAR BEACHFRONT BEAUTY AT 3.6 MULTIPLIER

SOLD

Business Description

Located in lovely Clifton Beach.
Delightful and quiet location.
This spacious and modern Holiday Apartment property is right on the beachfront and being offered for sale for the first time in 15 years.
There is potential to increase the income through both occupancy and letting pool. The astute manager will find considerable growth and upside in this property.
There are no set office hours and no requirement for the manager to live on site.
Office is on title, adjacent to the unit and with beachfront views.
Contact Alex for further property details.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $190,000 Remuneration / Body Corp Salary: $66,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $410,000Bedrooms: 2Bathrooms: 1Office: On TitlePets OK: Yes

Spacious 118m2, 2 bedroom ensuite, 2 bathroom apartment with beachfront views.

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 45Total Units in Letting Pool: 34Owner Occupy Units: 3Outside Agent Units: 4Lockup Units: 6Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 Years yearsPool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey Management Rights

Key Investment Insights

1. Spacious and modern beachfront Holiday Apartment property for sale in Clifton Beach.
2. Potential for increased income through occupancy and letting pool.
3. No set office hours and no requirement for manager to live on site.
4. Office on title with beachfront views.
5. Manager's unit valued at $410,000 with 2 bedrooms and 2 bathrooms.
6. Complex is a 4-star holiday complex with 45 units, 34 in the letting pool.
7. Agreement module is standard with 9 years remaining on the term.
8. On-site amenities include a pool, BBQ area, and WIFI.
9. Net profit of $190,000 and remuneration/body corp salary of $66,000.
10. Potential for growth and upside for an astute manager.

Management Rights Multiplier: 3.63
ROI Estimate: 27.54%