Blacks Beach, Queensland
$277K Net + $162K BC Salary | $1.48M Total | plus Development Potential
$780k MR & $700k Unit = Total $1.480M
Business Description
Strong Income Today. Genuine Development Upside Tomorrow.
💰 TOTAL: $1.48M
- 🏷️ BUSINESS: $780,000
- 🏠 MANAGERS UNIT: $700,000
💲 NET PROFIT: Business $277,618 + Managers Unit Rent $35,360 = Total $312,978
📈 RETURN ON INVESTMENT: 19% on Business and 21% on Total Income
📅 21 Years Remaining on Accommodation Module Agreements
Blue Pacific Resort presents a rare opportunity to secure a well-established management rights business in a tightly held Mackay coastal location, with the added flexibility of no requirement for the manager to reside onsite.
The business comprises a 39-unit complex with 14 short-stay apartments and 12 permanent rentals in the letting pool, supported by a further 9 owner-occupied apartments and 4 managed externally.
The verified net profit is $277,618, with $161,782 in Body Corporate remuneration, providing a strong underlying income for the incoming operator.
The refurbished three-bedroom Managers Residence is currently rented at $680 per week, providing an immediate additional income stream. With no requirement to reside onsite, buyers can live elsewhere or retain the residence as an investment.
🏗️Genuine Development Upside
For the development-minded buyer, the former restaurant, bar and conference areas provide genuine scope to further develop the property and increase revenue.
Subject to Council approval and feasibility, the existing space could be considered for recommissioning as a food and beverage operation or potentially converted into additional accommodation, increasing the letting pool and creating another income stream.
This is a significant point of difference for a buyer looking beyond the existing management rights income and considering the longer-term potential of the asset.
The business also benefits from top-up amendments extending the agreements through to 2047.
A genuine opportunity for an operator, investor or portfolio buyer seeking strong income, flexibility and longer-term upside in Mackay.
KEY FACTS:
📋 BC SALARY: Approx. $161,782
🔑 14 holiday units currently in the letting pool
🔑 12 units currently in the permanent letting pool
📈 4 additional units currently managed externally – genuine growth opportunity
🏡 No requirement to reside onsite
⏱️ No set reception hours
Contact Joel McCartin at Ras360 Property Solutions for further information.
** Ras360 Property Solutions – Specialists in Management Rights | Motels | Hotels | Pubs | Parks **
Business Summary
Business Snapshot
Price: $780k MR & $700k Unit = Total $1.480M
Net Profit: $277,618 Remuneration / Body Corp Salary: $161,782
Managers Unit
Value of Managers Apartment: $700,000Bedrooms: 3Bathrooms: 1Car Spaces: 2Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 39Total Units in Letting Pool: 26Owner Occupy Units: 9Outside Agent Units: 4Agreement Term: 25 yearsAgreement Term Remaining: 21 years
Key Investment Insights
AI generated. Confirm details with the seller.
1. Verified business net profit of $277,618, supplemented by approximately $161,782 in Body Corporate remuneration.
2. Combined business and Managers Residence income totals $312,978, representing stated returns of 19% and 21%.
3. Total acquisition comprises the management rights business at $780,000 and a $700,000 Managers Residence.
4. The refurbished three bedroom Managers Residence is rented for $680 weekly, providing additional income without onsite residence requirements.
5. Established 39 unit resort complex includes 14 holiday apartments and 12 permanent rentals in the letting pool.
6. Four externally managed apartments present a stated opportunity to expand the current letting pool.
7. No requirement to reside onsite and no set reception hours provide operational flexibility for the incoming owner.
8. Accommodation module agreements have 21 years remaining, with top up amendments extending agreements through to 2047.
9. Former restaurant, bar and conference areas offer potential for redevelopment, subject to Council approval and feasibility.
10. Existing areas could potentially support recommissioned food and beverage operations or additional accommodation, creating longer term revenue opportunities.
Management Rights Multiplier: 2.81
ROI Estimate: 18.76%
