No Real Estate to buy.
Incredible instant cashflow and yield.
Enviable forward bookings, providing surety of future income.
The complex is well-maintained, very low maintenance and presents incredibly well.
The occupancy rate of the complex has been rising, along with the average nightly
rates, indicating a positive trend.
The current managers have built a loyal client base, which provides a stable source
of income.
Letting Pool: 12 out of the 22 units are included in the letting pool, ensuring a consistent rental income.
Returning guests 71% of future bookings FY25.
Net Operating Income: $257,956 p.a. plus add on transfer business available.
Body Corp Salary is $51,802 which is ideal for a risk profile and increases annually in
line with the Consumer Price Index (CPI).
The business is suitable for first-time operators looking for a manageable size or for
experienced operators seeking to expand their portfolio by acquiring a nearby
complex.
The Dunes has proven to be a highly profitable venture, generating significant
income supported by additional income streams from associated businesses.
Manager's unit, if required is unique, stunning, roomy, well-appointed, with
awesome views and comes with 3 bedrooms and 2 bathrooms.
Beyond Transfers business is also available for sale offering an additional
$12,000-$15,0000 per month gross income .
Financial Summary
Sale Price: Offers Over $1,300,000
Body Corp Salary: $51,802.00 with CPI increases annually
Net Operating Income: $257,956 p.a.
At a Glance
Complex Type: Holiday and Resident Owners.
Total Units in Complex: 22
Total Units in Letting Pool: 12
Holiday Units: 12
Permanent Rentals: 0
Owner Occupy Units: 5
Outside Agent Units: 0
Lockup Units: 5
Retail: 4
Manager Units: Sold separately if required
Pool: Yes
Spa: Yes
BBQ Area: Yes
Pay TV: yes
WIFI: Yes
Streaming: Yes FOXTEL business IQ with On-Demand movies
Agreement
Agreement Module: Accommodation
Agreement Term: 25 Years
Agreement Remaining: 20 Years
Disclaimer: This property is being sold without a price therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
