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. Advertised 27% return on investment, 3.65 times multiplier and $603,000 net profit support the investment case.
2. The business is currently operated under management, with a $210,000 salary included.
3. Long term security is provided through 23 years remaining on the 25 year accommodation agreement.
4. Four star resort facilities include four pools, three wellness spa retreats, landscaped grounds, WiFi and barbecue areas.
5. Dual key accommodation offers flexible studio, one bedroom and two bedroom apartments for diverse guest requirements.
6. Prime Tropical North Queensland location provides walking access to the beach, restaurants and nearby resort amenities.
7. The manager receives a three bedroom, two bathroom apartment with sunroom, outdoor grassed area and one car space.
8. The on site café is included on title, alongside exclusive office use and a complex with 35 letting pool units.

Management Rights Multiplier: 3.65
ROI Estimate: 19.77%