Cairns, Queensland

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

$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

1. Exceptional financial returns, advertised 27% ROI and a 3.65x multiplier.
2. Listed price $3,050,000 with reported net profit $603,000, indicating strong cashflow.
3. Manager’s apartment included, valued at $850,000, comprising a 3 bedroom, 2 bathroom residence with sunroom and outdoor grassed area.
4. Onsite café valued at $200,000 on title, providing ancillary revenue and guest amenity.
5. Long-term agreements in place, 25 year agreement term with 23 years remaining, plus a $210,000 incl. GST salary noted.
6. Operated under management with a very cooperative Body Corporate, facilitating turnkey ownership.
7. Prime Tropical North Queensland holiday location, short walk to the beach and restaurants, supporting strong demand and repeat clientele.
8. Full resort-style facilities across large landscaped grounds, four pools and three separate wellness spa retreats professionally operated by contractors.
9. Five individual buildings and a four-star rating, supporting ease of operation and broad guest appeal.
10. Flexible accommodation mix in a dual-key complex, offering studio, one and two bedroom apartments for varied guest segments.
11. Complex scale and structure: 58 total units, 35 units in the letting pool, owner-occupy and lockup options present, plus amenities including BBQ areas and WiFi.

Management Rights Multiplier: 3.65
ROI Estimate: 19.77%