Gympie, Queensland

Right on the Golf Course

SOLD

Business Description

Situated right on the Gympie Pines Golf Course providing all but 4 of the properties with exclusive views of the course.

The current management team's focus on the long-term rental market at the expense of the corporate market. As a consequence, there is real potential here to increase marketing exposure to short-term/corporate stays which has very strong demand in Gympie. This would lead to increased rental returns to the owners and the managers.

Well worth a look here, with long agreements, a rental pool that has remained stable for the last 7 years and a very supportive committee.

Facilities include:
- community room with gym,
- resident’s kitchen,
- heated pool,
- Tepenyaki bbq,
- direct buggy access to course and golf clubhouse.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $213,676 Remuneration / Body Corp Salary: $81,820Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $330,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title
Quality fixtures & fittings. Views over golf course

Complex Information

Complex Type: HolidayTotal Units in Complex: 54Total Units in Letting Pool: 44Holiday Units: 14Permanent Units: 30Owner Occupy Units: 9Agreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesGym: YesBBQ Area: Yes
Marketing Agent
Matt Campbell
Matt Campbell

Barry Davies
Barry Davies

Resort Management Sales

Resort Management Sales

Key Investment Insights

Key Insights:

1. Prime location: The business is situated right on the Gympie Pines Golf Course, providing exclusive views of the course for most of the properties.

2. Potential for increased rental returns: The current management team has focused on the long-term rental market, but there is potential to tap into the high demand for short-term/corporate stays in Gympie. This could lead to increased rental returns for both the owners and managers.

3. Stable rental pool: The rental pool has remained stable for the past 7 years, indicating a strong and consistent demand for the properties.

4. Supportive committee: The complex has a very supportive committee, which can be beneficial for the smooth operation of the business.

5. Facilities: The complex offers a range of facilities including a community room with a gym, resident's kitchen, heated pool, Tepenyaki BBQ, and direct buggy access to the golf course and clubhouse.

6. Manager's unit: The manager's unit is well-maintained with quality fixtures and fittings, and offers views over the golf course.

7. Complex type: The complex is a holiday complex with a mix of holiday and permanent units, providing a diverse income stream for the managers.

8. Long agreement term: The agreement term is for 25 years, providing long-term stability for the business.

9. Pool, gym, and BBQ area: The complex offers additional amenities such as a pool, gym, and BBQ area, which can be attractive to potential guests.

10. Owner-occupied units: The complex also has a number of owner-occupied units, which can provide a sense of community and stability within the complex.

Management Rights Multiplier: 4.31
ROI Estimate: 23.23%

Listing location

This Business is sold

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