Blue Chip, High Net, Oceanfront Location

This iconic holiday business delivers a rare combination of security, profitability and lifestyle rising 11 storeys above one of the Coast’s most tightly held beachside pockets, the resort comprises 67 spacious, self-contained two and three-bedroom apartments, perfectly aligned with the regions prime, surfside holiday market.

The letting pool over 41 apartments (soon to be 42) maintains consistent occupancy over 80%, generating a solid net operating profit with a body corporate salary of over $200,000, provides reliable foundational income. Average room rates continue their upward trajectory year-on- year, reflecting strong market demand for this beachside location.

The business benefits from professional onsite management, as the current owner resides elsewhere, which would be a bonus for an investor or purchaser not wanting to reside onsite and operate the business 25-year accommodation module agreements with 21 years remaining.