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 23 years remaining, providing excellent long-term security. An on-title office is supported by REI 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 $149,666 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