Bongaree, Queensland

Discover Bribie Island – A Premier Investment with Untapped Potential

$464k MR & $535k Unit = Total $999k

Business Description

Discover Bribie Island – A Premier Investment with Untapped Potential

Positioned on the peaceful waterfront of Pumicestone Passage, this boutique holiday apartment complex offers a rare blend of lifestyle, simplicity, and profitability. As the only island in the region accessible by bridge, Bribie Island attracts a steady stream of visitors from Brisbane and beyond, making this an exceptional opportunity for investors, management groups, or those seeking a new venture.

• Strong Financials: With a proven net profit of $145,682, a secure Body Corporate salary of over $68k, and an impressive 14.35% ROI, this business delivers outstanding returns.
• Additional Growth Potential: A newly added unit in the letting pool has already boosted revenue. This additional profit is not yet reflected in the current NOP, providing an immediate revenue uptick.
• Operational Simplicity: The well-structured business is easy to manage, appealing to both seasoned operators and newcomers to the industry.
• Exceptional Location: Conveniently situated within walking distance to popular restaurants, the Bowls Club, the RSL, and just a short drive from the iconic Sandstone Point Hotel.
• Growth Opportunities: Increase revenue by boosting direct bookings, implementing dynamic pricing, and optimising social media and marketing to enhance occupancy.

Island businesses combining lifestyle, location, and solid financial performance are rare. Don’t miss this chance to secure a thriving holiday complex with exceptional growth potential. Contact our exclusive agents today to schedule your viewing of Placid Waters!

Ras360 – Management Rights | Motels | Hotels | Pubs | Parks

Business Summary

Business Snapshot

Price: $464k MR & $535k Unit = Total $999k Net Profit: $145,176 Remuneration / Body Corp Salary: $68,742

Managers Unit

Value of Managers Apartment: $535,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 30Total Units in Letting Pool: 14Owner Occupy Units: 10Outside Agent Units: 3Lockup Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 19 years
Marketing Agent
Malcolm O'Farrell
Malcolm O'Farrell

Geoff Hatchman
Geoff Hatchman

Key Investment Insights

1. Strong financial performance with a proven net profit of $145,682 and a secure Body Corporate salary of over $68k.
2. Additional growth potential with a newly added unit in the letting pool that has already boosted revenue.
3. Operational simplicity, making it appealing to both seasoned operators and newcomers to the industry.
4. Exceptional location on the peaceful waterfront of Pumicestone Passage, attracting a steady stream of visitors from Brisbane and beyond.
5. Growth opportunities include increasing revenue through direct bookings, dynamic pricing, and optimizing social media and marketing.
6. Rare opportunity to secure a thriving holiday complex with exceptional growth potential.
7. Conveniently situated within walking distance to popular restaurants, the Bowls Club, the RSL, and a short drive from the iconic Sandstone Point Hotel.
8. Combination of lifestyle, location, and solid financial performance.
9. Total value of $999k for both the management rights and the unit.
10. 14 units in the letting pool out of a total of 30 units in the complex.
11. 25-year agreement term with 19 years remaining.

Management Rights Multiplier: 3.20
ROI Estimate: 31.23%

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