Bongaree, Queensland

Paradise Living Awaits - Beachside MR

$495k MR & $520k Unit = Total $1.015M

Business Description

Unlock the potential of Bribie Island, a thriving holiday destination!

Embrace the ultimate sea change with a peaceful waterfront setting overlooking the stunning Pumicestone Passage. This boutique holiday apartment complex offers both lifestyle and investment appeal, promising lucrative returns.

- Prime Location: Just an hour's drive north of Brisbane, this hotspot draws a constant flow of visitors from Brisbane and interstate.
- Profitable Business: With a proven net profit of $145,682 and room for growth by optimizing inventory and operations, this complex boasts a strong track record and promising profit margins.
- Growth Opportunities: Increase revenue by boosting direct bookings, utilizing dynamic pricing, and reconfiguring room layouts for higher occupancy.
- Secure Income: A sound body corporate salary further strengthens the Net Operating Profit.

Conveniently located within walking distance to popular restaurants, the Bowls Club, the RSL, and just a short drive to the Sandstone Point Hotel. The only Island in the region accessible by bridge.
Don’t miss out on this exceptional opportunity—contact our exclusive agents today to learn more and schedule a viewing today!

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

Business Summary

Business Snapshot

Price: $495k MR & $520k Unit = Total $1.015M Net Profit: $145,176 Remuneration / Body Corp Salary: $68,742

Managers Unit

Value of Managers Apartment: $520,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 30Total Units in Letting Pool: 13Owner Occupy Units: 9Outside Agent Units: 4Lockup Units: 4Agreement Term: 25 yearsAgreement Term Remaining: 20 years

Marketing Agent

Malcolm O'Farrell

0423 09....

Geoff Hatchman

0427 93....

Ras360

Key Investment Insights

1. Prime location on Bribie Island, a popular holiday destination just an hour's drive from Brisbane.
2. Proven net profit of $145,682 with potential for growth through optimizing inventory and operations.
3. Opportunities for increased revenue through boosting direct bookings, utilizing dynamic pricing, and reconfiguring room layouts.
4. Sound body corporate salary provides secure income.
5. Conveniently located within walking distance to popular restaurants, clubs, and a short drive to the Sandstone Point Hotel.
6. Only island in the region accessible by bridge, making it a unique and desirable location.
7. Management rights and unit being sold together for a total price of $1.015M.
8. Manager's unit valued at $520,000 and includes 2 bedrooms, 1 bathroom, and 1 car space.
9. Complex type is resort/holiday with a total of 30 units, 13 of which are in the letting pool.
10. Agreement term is 25 years with 20 years remaining.

Management Rights Multiplier: 3.41
ROI Estimate: 29.33%