Dolphin Heads, Queensland

Business For Sale - Absolute Beachfront Resort - ID 8499

$1,595,000

Business Description

Mackay Letting Rights For Sale

Restaurant, Function Room, and 38 Room Letting Rights

- Resort, with restaurant, function room and 38 room letting rights.

- Operating annual cashflows exceeding $160,000.

- Perfectly located just 20 minutes north of Mackay Airport.

- Large Saltwater Resort Style Pool, Spa Pool, & Kids Pool.

- Direct access to beach and ocean views.

- Freehold restaurant and bar on title, which is currently lease for $60,000 PA.

- Purpose built function and conference room catering for weddings, conventions, and meetings.

- Reception and office on freehold title, attached to a freehold managers residence.

- 38 Rooms in a letting agreement, make for a profitable and sustainable operation.

- Close to all amenities, airport, and shopping.

Owners are tired, need to retire and wish to sell, there are 3 components, being offered:

Freehold Lot 1 – Managers Residence / Reception and Office – $250,000

Freehold Lot 2 – Restaurant and Bar, and Function Room – $900,000

38 Units in the Letting Pool, with Function Room Income – $445,000

Net Profit: $157,391 (2021/22)

Asking Price: $1,595,000

(inclusive of managers real estate)

For further information on this Mackay letting rights opportunity contact:

Antonio Curulli

Property Code: 504

Business Summary

Managers Unit

Car Spaces: 1

Complex Information

Manager Units: 1Pool: Yes
Marketing Agent
Antonio Curulli
Antonio Curulli

Key Investment Insights

1. Operating annual cashflows exceed $160,000.
2. Perfectly located just 20 minutes north of Mackay Airport.
3. Large Saltwater Resort Style Pool, Spa Pool, & Kids Pool.
4. Direct access to beach and ocean views.
5. Freehold restaurant and bar on title, currently leased for $60,000 PA.
6. Purpose built function and conference room catering for weddings, conventions, and meetings.
7. Reception and office on freehold title, attached to a freehold managers residence.
8. 38 Rooms in a letting agreement, making for a profitable and sustainable operation.
9. Close to all amenities, airport, and shopping.
10. Owners are tired, need to retire and wish to sell.
11. Three components being offered: Managers Residence / Reception and Office, Restaurant and Bar / Function Room, and 38 Units in the Letting Pool.
12. Net profit of $157,391 projected for 2021/22.
13. Asking price of $1,595,000 (inclusive of managers real estate).
14. Manager's unit includes 1 car space.
15. Complex includes 1 manager unit and a pool.
Listing location

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