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. Listed net profit of $603,000, with an advertised 29% return on business value and 3.48 times multiplier.
2. Body Corporate remuneration of $210,000 including GST, reviewed annually against CPI, with 23 years remaining on agreements.
3. Currently run under management, supported by a very cooperative Body Corporate.
4. Prime Tropical North Queensland holiday location within walking distance of the beach and restaurants.
5. Four star complex with 58 units, including 35 in the letting pool, across five buildings on landscaped grounds.
6. Flexible dual key accommodation offers studio, one bedroom and two bedroom apartment configurations.
7. Established niche market and repeat clientele support the business's market position.
8. Resort facilities include four pools, three wellness spa retreats, barbecue facilities and WiFi.
9. Professional contractors fully operate the wellness spas.
10. Manager's residence includes three bedrooms, two bathrooms, a sunroom, a large outdoor grassed area and one car space.
11. An on site café is included on title, alongside an exclusive use office.

Management Rights Multiplier: 3.48
ROI Estimate: 20.44%