Bongaree, Queensland
Island Income Meets Waterfront Living – 14.5% ROI, Long-Term Agreements
$450k MR & $580k Unit = Total $1.03m
Business Description
Island Income Meets Waterfront Living – $149K Nett | 14.5% ROI | Long-Term Agreements
Placid Waters Holiday Apartments is a well-presented 30-unit complex at Bongaree, ideally positioned overlooking the beautiful Pumicestone Passage on Bribie Island. Bribie enjoys a distinct advantage over other South East Queensland islands, being the only one connected to the mainland by road bridge, providing effortless access for holiday guests and everyday convenience for the resident manager.
The complex presents well, with resort-style gardens and easily maintained grounds, a central swimming pool, solar, BBQ facilities, guest WiFi and Body Corporate-paid Foxtel. The Accommodation Module agreements have 19 years remaining, providing excellent long-term security. An on-title office is supported by Resly software, while the modern two-bedroom manager’s residence is conveniently located onsite, as required.
The letting pool comprises 14 short-stay holiday apartments, generating a verified Net Operating Profit of approximately $145,000 per annum. With the business priced at $450,000, reflecting a 3x multiplier, and the manager’s residence at $580,000, the total package of $1.03 million delivers an attractive 14.5% ROI.
Further potential exists to boost direct bookings, implement smarter revenue management, and enhance online marketing to drive occupancy and profits even higher.
Day-to-day living is equally appealing, with cafés, the RSL and Bowls Club within easy walking distance and Sandstone Point Hotel just a short drive away. For buyers seeking secure income, long agreements and an enviable waterfront lifestyle, Placid Waters presents a compelling Bribie Island opportunity.
• $149,666 Net Profit – Proven income with minimal overheads
• 14.5% ROI – Strong return, with business priced at $450,000 (3x)
• Body Corporate Salary: $73,535 – CPI-indexed and secure
• Agreements: 23 Years Remaining – Long Accommodation Module in place, cooperative committee
• Total Package: $1.03M – Exceptional value for an island business with lifestyle upside
Strategic & Lifestyle Highlights:
• Rare Island Accessibility – Bribie is the only SEQ island linked by bridge, offering drive-up ease for guests and managers alike
• Walkable Lifestyle – Easy stroll to cafés, RSL, Bowls Club and a quick drive to the Sandstone Point Hotel
• Further Potential: Boost direct bookings, implement smarter revenue management, and enhance online marketing to drive occupancy and profits even higher.
Island-based management rights with long agreements, waterfront living, and true upside are increasingly rare – and buyer demand for Bribie continues to grow.
Act fast – contact our exclusive agents today to arrange your private inspection of this standout opportunity before it’s snapped up.
Ras360 – Management Rights | Motels | Hotels | Pubs | Parks
Business Summary
Business Snapshot
Price: $450k MR & $580k Unit = Total $1.03m
Net Profit: $149,666 Remuneration / Body Corp Salary: $73,535
Managers Unit
Value of Managers Apartment: $580,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 30Total Units in Letting Pool: 14Owner Occupy Units: 11Outside Agent Units: 4Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Key Investment Insights
AI generated. Confirm details with the seller.
1. Verified net profit of approximately $149,666 supports the stated 14.5% return on the $1.03 million total package.
2. The management rights business is priced at $450,000, representing a stated three times net profit multiplier.
3. A CPI indexed Body Corporate salary of $73,535 provides secure recurring remuneration.
4. The Accommodation Module has 23 years remaining, providing long term agreement security.
5. The 30 unit complex includes 14 apartments in the letting pool, with 11 owner occupied and four outside agent units.
6. Resort facilities include landscaped gardens, swimming pool, solar, BBQ facilities, guest WiFi and Body Corporate paid Foxtel.
7. An on title office with Resly software supports day to day accommodation management.
8. The modern two bedroom manager’s residence is onsite, with one bathroom and one car space.
9. Bribie Island is connected to the mainland by road bridge, providing convenient access for guests and managers.
10. The complex overlooks the Pumicestone Passage and is within walking distance of cafés, the RSL and Bowls Club.
11. Further stated upside includes increasing direct bookings, improving revenue management and enhancing online marketing.
12. The business combines management rights income with an onsite residence priced at $580,000.
Management Rights Multiplier: 3.01
ROI Estimate: 14.53%
