Trinity Beach, Queensland

Excellent business opportunity at a superb price

SOLD

Business Description

Four star holiday property 200 m to lovely Trinity Beach.
Provides a good mix of accommodation with one bedroom apartments and two bedroom mezzanine apartments catering for up to 5 people.
Great managers apartment suitable for a family.
Excellent office /reception areas providing a very welcoming entry for all guests.
Overall a very good property with an excellent business.
Absolute top salary and new agreements.
The managers apartment has great living space and options.
Excellent opportunity to purchase at this price and watch the net improve as the market progresses back to normal.

Contact Calvin for further information and to arrange a property inspection.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $156,671 Remuneration / Body Corp Salary: $80,672Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $400,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Lots 1 & 2 - Two adjoining rooms comprising a spacious 3 bedroom, 2 bathroom Apartment, Large patio area, Perfect family living. Large office on title. Amenities include Swimming pool, Heated Spa, Covered BBQ Cabana, Undercover parking, Tour desk.

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 35Total Units in Letting Pool: 27Owner Occupy Units: 1Outside Agent Units: 3Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Four star holiday property located just 200m from Trinity Beach.
2. Provides a good mix of accommodation with one and two bedroom apartments catering for up to 5 people.
3. Great managers apartment suitable for a family.
4. Excellent office/reception areas providing a welcoming entry for all guests.
5. Overall a very good property with an excellent business.
6. Top salary and new agreements.
7. Managers apartment offers great living space and options.
8. Opportunity to purchase at a low price and watch the net profit improve as the market progresses back to normal.
9. Contact Calvin for further information and to arrange a property inspection.
10. Net profit of $156,671.
11. Remuneration/Body Corp Salary of $80,672.
12. Body corp salary review of CPI annually.
13. Managers apartment valued at $400,000 with 3 bedrooms, 2 bathrooms, and a large patio area.
14. Complex type is holiday with a 4-star rating.
15. Total of 35 units in the complex, with 27 in the letting pool.
16. Amenities include a swimming pool, heated spa, covered BBQ cabana, undercover parking, and tour desk.
17. Agreement module is accommodation with a term of 20 years and 24 years remaining.
18. Complex features a pool, spa, BBQ area, and WIFI.

Management Rights Multiplier: 2.55
ROI Estimate: 39.17%