Blacks Beach, Queensland
Absolute Beachfront Lifestyle Business – The Shores, Mackay
MR $700k + Unit $400k = Total $1.100M
Business Description
We are pleased to present the management rights and manager's real estate at The Shores Holiday Apartments, an established absolute beachfront complex at Blacks Beach, Mackay.
🔑 36 apartments in the complex
🏖️ Absolute beachfront location
🏠 13 apartments in the letting pool
💰 Adjusted net income $205,008
📅 Body corporate salary $125,179 pa
💰 Business price $700,000 (3.41x multiplier)
📈 Business ROI 29.3%
🏡 Modern two-bedroom manager's residence
🏷️ Manager's unit $400,000
💰 Combined purchase price $1,100,000
📊 Total ROI approximately 18.64%
🌿 ECO Certified Nature Tourism product
⏱️ No set office hours
The Shores comprises 36 self-contained two-bedroom townhouse-style apartments, set amongst landscaped tropical gardens with direct access to Blacks Beach.
The complex offers excellent facilities including two swimming pools, a toddler pool, spa, full-size floodlit tennis court, BBQ areas and a beachfront viewing platform. The property is also ECO Certified as a Nature Tourism product by Ecotourism Australia.
The business has a strong body corporate salary of $125,179 per annum, providing a solid income base, with additional income from the 13 apartments in the letting pool. With an adjusted net income of approximately $205,008, the business is priced at an attractive 3.4 times multiplier.
The modern two-bedroom manager's residence provides comfortable onsite accommodation, while the no-set-office-hours arrangement offers flexibility in managing the business.
Blacks Beach is a popular coastal suburb in Mackay's Northern Beaches, offering a relaxed beachside lifestyle while remaining approximately 12 minutes from Mackay's city centre. Local shops, restaurants and the Blacks Beach Tavern are within easy reach, with the wider Mackay region providing access to employment, business and tourism activity.
This is an excellent opportunity for a first-time management rights buyer looking to enter the industry, or an experienced operator seeking a smaller, manageable business in a beachfront location.
** Ras360 Property Solutions – Specialists in Management Rights | Motels | Hotels | Pubs | Parks **
Business Summary
Business Snapshot
Price: MR $700k + Unit $400k = Total $1.100M
Net Profit: $205,008 Remuneration / Body Corp Salary: $125,179
Managers Unit
Value of Managers Apartment: $400,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 36Total Units in Letting Pool: 13Owner Occupy Units: 13Outside Agent Units: 3Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 17 years
Key Investment Insights
AI generated. Confirm details with the seller.
1. Adjusted net income of approximately $205,008, including a body corporate salary of $125,179 per annum.
2. Business priced at $700,000 with a stated 29.3% ROI, or $1,100,000 including the manager's residence with approximately 18.64% total ROI.
3. Absolute beachfront position at Blacks Beach, with direct beach access and landscaped tropical gardens.
4. Established holiday complex comprising 36 self contained apartments, with 13 apartments in the letting pool.
5. Management agreement has 17 years remaining on a 25 year term.
6. No set office hours provide flexibility in managing the business.
7. Modern two bedroom manager's residence includes one bathroom and one car space, valued at $400,000.
8. Facilities include two swimming pools, a toddler pool, spa, floodlit tennis court, BBQ areas and beachfront viewing platform.
9. ECO Certified as a Nature Tourism product by Ecotourism Australia.
10. Approximately 12 minutes from Mackay's city centre, with local shops, restaurants and Blacks Beach Tavern within easy reach.
Management Rights Multiplier: 2.05
ROI Estimate: 25.00%
