Cairns, Queensland

27% ROI on the Business and 3.65 X Multiplier in Premier Location with Top Salary

$3,050,000

Business Description

Great dual key complex, providing spacious guest accommodation with flexible studio, one or two bedroom apartments. Top guest facilities and a niche market, along with repeat clientele, make this a top business.

The property is currently run under management, has a very cooperative Body Corporate and $210,000 incl. GST salary, with 23 years on the agreements. This robust business deserves a high level of consideration by partnerships, corporates and other entities looking for a suitable and profitable property,

This compelling offering boasts an iconic property – in one of the most sought after holiday locations in TNQ. It is four star providing ease of operation and with full resort facilities on large beautifully landscaped grounds. It comprises five individual buildings with four pools and three separate wellness spa retreats. The spas are fully operated by professional contractors.

Perfectly sheltered in a prime location with a walk to the beach and a stroll to all restaurants.

This property also presents as a real lifestyle business, with the manager enjoying a large three bedroom apartment with sunroom, outdoor grassed area and on site café on title.

Contact Calvin today for more details. Confidentiality conditions apply.

Business Summary

Business Snapshot

Price: $3,050,000 Net Profit: $603,000

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes

3 bedroom, 2 bathroom + sunroom manager's residence with large outdoor grassed area. $650k for the apartment + $200k for the onsite cafe.

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 58Total Units in Letting Pool: 35Owner Occupy Units: 6Outside Agent Units: 7Lockup Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reported $603,000 net profit, representing a stated 27% ROI and 3.65 times multiplier.
2. $210,000 inclusive of GST salary provides substantial management remuneration.
3. Established under management with 23 years remaining on the agreements.
4. Four star holiday complex in a sought after Tropical North Queensland location.
5. Walkable to the beach, restaurants and local holiday attractions.
6. Five buildings, four pools and three professionally operated wellness spa retreats support guest appeal.
7. Flexible studio, one and two bedroom accommodation serves varied guest requirements.
8. Repeat clientele and a niche market underpin the established business offering.
9. Manager’s residence includes three bedrooms, two bathrooms, sunroom and a large grassed outdoor area.
10. Onsite café is included on title, with the manager’s apartment and café valued at $850,000 combined.
11. Large landscaped grounds, BBQ facilities and WiFi are included within the complex infrastructure.
12. Cooperative Body Corporate and a lifestyle oriented management setup support operational continuity.

Management Rights Multiplier: 3.65
ROI Estimate: 19.77%