Bowen, Queensland

Absolute Beachfront Resort Opportunity

$640K MR & $650k Unit = Total $1.290M

Business Description

This exceptional beachfront resort offers an unbeatable lifestyle and investment opportunity, with direct access to the sand and uninterrupted ocean views from every unit. The complex is a high-quality 4.5-star property featuring 37 fully furnished one, two, and three-bedroom apartments.

Located near the newly opened Bowen Orbital Spaceport, the resort is ideally positioned to attract visitors for rocket launches, with the first test launch expected in 2024. As satellite demand grows, the spaceport is anticipated to become a major drawcard, enhancing the region's appeal. Currently operated under management, the resort boasts strong repeat business and a loyal clientele with significant upside potential for the next operator to build upon its existing success and expand further.

- NOP - $239,635 in FY23 @ 2.75x multiplier and 18% ROI, discounted to sell, offers over $1.290M considered
- BC Salary $114,800.55
- 25-year Accommodation Module with 22yrs remaining

Manager’s unit, valued at $650,000, is a spacious two-bedroom apartment with a balcony offering ocean views, a private ground-floor courtyard with lawn and garden, and a reception/office on title.

Resort amenities include direct beach access, a saltwater swimming pool and spa, secure basement parking, and two lifts. An onsite restaurant, independently operated by a third party, has been a longstanding feature of the property.

This is a rare opportunity to live and work in a beachfront paradise, with plenty of potential to grow the business and capitalize on the region's rising prominence. Don't miss out on this exceptional property - secure your future in one of QLD's most sought after locations today!

** Ras360 Property Solutions – Specialists in Management Rights | Motels | Hotels | Pubs | Parks **

Business Summary

Business Snapshot

Price: $640K MR & $650k Unit = Total $1.290M Net Profit: $233,000 Remuneration / Body Corp Salary: $114,800

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 37Total Units in Letting Pool: 19Owner Occupy Units: 11Outside Agent Units: 5Lockup Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 22 years

Marketing Agent

Malcolm O'Farrell

0423 09....

Shane Croghan

0418 45....

Ras360

Key Investment Insights

1. Exceptional beachfront resort with direct access to the sand and uninterrupted ocean views from every unit.
2. High-quality 4.5-star property featuring 37 fully furnished one, two, and three-bedroom apartments.
3. Located near the newly opened Bowen Orbital Spaceport, offering potential for attracting visitors for rocket launches.
4. Currently operated under management with strong repeat business and a loyal clientele.
5. Significant upside potential for the next operator to build upon existing success and expand further.
6. Net operating profit of $239,635 in FY23 at a 2.75x multiplier and 18% ROI.
7. Business and manager's unit offered at a discounted price of $1.290M.
8. Manager's unit valued at $650,000 and includes a spacious two-bedroom apartment with ocean views, a private courtyard, and a reception/office on title.
9. Resort amenities include direct beach access, a saltwater swimming pool and spa, secure basement parking, and two lifts.
10. Onsite restaurant operated by a third party has been a longstanding feature of the property.
11. Rare opportunity to live and work in a beachfront paradise with potential for business growth.
12. Specialists in Management Rights, Motels, Hotels, Pubs, and Parks.
13. Business Snapshot: Price of $640K for MR and $650K for unit, net profit of $233,000, and remuneration/body corp salary of $114,800.
14. Manager's unit features two bedrooms, one bathroom, and one car space.
15. Complex information: Resort/holiday complex with a total of 37 units, 19 units in the letting pool, and 11 owner-occupied units.
16. 25-year accommodation module with 22 years remaining.

Management Rights Multiplier: 2.75
ROI Estimate: 36.41%