Cairns, Queensland

29% ROI on the Business and 3.48 X Multiplier in Premier Location with Top Salary

$2,950,000

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: $2,950,000 Net Profit: $603,000 Remuneration / Body Corp Salary: $210,000Business Value: $2,100,000Body corp salary review: CPI Annually

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 29% return on investment, $603,000 net profit and a 3.48 times multiplier support the investment case.
2. The business includes a $210,000 salary, reviewed annually by CPI, with 23 years remaining on the agreement.
3. Currently operated under management, offering a potentially streamlined ownership model for partnerships, corporates and other entities.
4. Four star holiday accommodation provides flexible studio, one bedroom and two bedroom apartments for guests.
5. The complex offers four pools, three wellness spa retreats, barbecue facilities and WiFi across landscaped grounds.
6. Professional contractors operate the wellness spas, supporting operational delivery without requiring direct spa staffing.
7. The manager receives a three bedroom, two bathroom apartment with sunroom, outdoor grassed area and exclusive use office.
8. The manager’s residence is valued at $650,000, with an onsite café valued at $200,000 included in the offering.
9. The property comprises five buildings and provides 35 units in the letting pool within a 58 unit complex.
10. A prime location offers walking access to the beach and nearby restaurants in a sought after Tropical North Queensland holiday destination.
11. Repeat clientele and a niche market are identified as key features of this established accommodation business.
12. The offering includes full resort facilities, an onsite café, one car space and pets permitted.

Management Rights Multiplier: 3.48
ROI Estimate: 20.44%