Dolphin Heads, Queensland

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

Complex Information

Marketing Agent
Antonio Curulli
Antonio Curulli

Key Investment Insights

Key Insights:

1. Profitable and sustainable operation with annual cashflows exceeding $160,000.

2. Prime location just 20 minutes north of Mackay Airport with direct access to the beach and ocean views.

3. Freehold restaurant and bar on title, currently leased for $60,000 per annum.

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

5. Reception and office on freehold title, attached to a freehold manager's residence.

6. 38 rooms in a letting agreement, providing a steady source of income.

7. Close proximity to all amenities, airport, and shopping.

8. Owners are looking to retire and are motivated to sell.

9. Three components being offered for sale: Manager's residence/reception and office, restaurant and bar/function room, and 38 units in the letting pool.

10. Net profit of $157,391 expected for the 2021/22 financial year.

11. Asking price of $1,595,000, inclusive of manager's real estate.

12. Contact Antonio Curulli for further information on this opportunity.
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