Key Investment Insights
- Located in a prime waterfront location next to the Coral Sea Marina.
- Consistent performance with a net profit of $315,000 (to Dec 2024).
- 21 units in the letting pool out of a total of 32 units.
- New 14-year agreements (2024) with a 5-year extension (2025).
- Current caretaking salary of $124,800 + GST with CPI and 4% minimum increases.
- Recognized as a 2025 "Best of Queensland" accommodation provider.
- Spacious 2-bed, 2-bath manager's unit with marina views and office access.
- Includes two high-clearance garages, two secure onsite car parks, and a housekeeping van.
- Features a tour desk, guest reception, essentials shop, and guest workstation.
- State-of-the-art trust accounting and booking software in place.
- Rare opportunity to secure a high-performing management rights business in a desirable coastal destination.
- Offers a perfect blend of lifestyle and profit.
- Manager's apartment valued at $650,000.
- Complex includes a pool, BBQ area, pay TV, and WIFI.
- Agreement module is accommodation with 18 years remaining.
- Pet-friendly apartment.
- Outside agent units: 6.
Management Rights Multiplier: 2.70
ROI Estimate: 37.10%