Bongaree, Queensland

Island Income Meets Waterfront Living – $149K Nett | 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

Escape to Queensland’s most accessible island while securing a strong, consistent income stream from this boutique holiday complex overlooking the beautiful Pumicestone Passage. With solid financials, a modern 2-bedroom manager’s unit, and agreements in place for 23 years, this Bribie Island gem is the perfect balance of lifestyle and performance.

• $149,666 Net Profit – Proven income with minimal overheads
• 14.5% ROI – Strong return, with business priced at $450,000 (3x)
• Body Corporate Salary: $69,999 – 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: $69,999

Managers Unit

Value of Managers Apartment: $580,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Complex 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

Marketing Agent

Malcolm O'Farrell

0423 09....

Geoff Hatchman

0427 93....

Ras360

Key Investment Insights

1. $149,666 net profit, described as proven income with minimal overheads.
2. 14.5% ROI, business management rights priced at $450,000, cited as approximately 3 times earnings.
3. Total package value $1.03 million, combining $450,000 management rights and $580,000 managers apartment.
4. Managers apartment value $580,000, 2 bedrooms, 1 bathroom, single car space.
5. Secure body corporate salary of $69,999, CPI indexed.
6. Long-term security with 25 year agreement term and 23 years remaining, long accommodation module and cooperative committee.
7. Complex size 30 units, 14 units in the letting pool, 11 owner occupied, 4 outside agent units, 1 lockup unit.
8. Prime location on Bribie Island, the only South East Queensland island connected by bridge, enabling drive-up access.
9. Walkable lifestyle and guest appeal, close to cafés, RSL, Bowls Club and a short drive to Sandstone Point Hotel.
10. Clear upside opportunities: increase direct bookings, implement smarter revenue management and enhance online marketing to raise occupancy and profits.

Management Rights Multiplier: 3.01
ROI Estimate: 33.26%