Key Investment Insights
1. The resort is located in a prime location, only a short walk from the main road and all the amenities of Coolum.
2. The complex has a quiet and family-friendly atmosphere, making it an attractive option for holidaymakers.
3. The managers residence is a 3 bedroom unit with a private patio and fenced yard, providing a comfortable living space for the managers.
4. There are 19 years remaining on the agreements, providing a stable and long-term opportunity for the new managers.
5. The complex has a solid body corporate salary of $32,000, providing a steady income for the managers.
6. The net income of the complex is approximately $91,000 with managers cleaning, or $77,000 with contract cleaners, making it a profitable business.
7. The complex can be easily managed by one person, with additional assistance for unit cleaning as needed.
8. The current owners are selling due to ill health, providing an opportunity for new managers to re-market and refresh the complex.
9. The managers residence is valued at $395,000 and includes a detached office on managers title.
10. The complex is a holiday accommodation type with 18 units in total, with 10 units in the letting pool and 5 owner-occupied units.
11. The complex offers a range of amenities such as a pool, spa, tennis court, BBQ area, and WIFI, making it an attractive option for holidaymakers.
12. The complex is under an accommodation agreement module with a term of 25 years, with 19 years remaining.
Management Rights Multiplier: 2.09
ROI Estimate: 47.92%