Mackay, Queensland

Absolute Beachfront Resort Complex

Management Rights $1,495,000

Business Description

* Absolute beachfront position
* Great lifestyle for the owner
* Tropical palm tree lined driveway
* Direct beach access and ocean views
* Live and work in paradise
* Former restaurant and conference room on title that can be turned into more lettable units
* Huge upside potential

Financials
* Net Income $301,444
* Remuneration $146,566 + GST per annum

Manager's Unit
* 3 bedroom managers unit
* Real estate component valued at $600,000

Letting Rights
* 25 year agreement term (from 2021)
* 32 self contained units in the letting pool

Property Facilities
* Direct beach access
* Saltwater swimming pools
* Spa
* Tennis court
* Undercover parking
* Reception/office on title


Queensland Tourism & Hospitality Brokers (QTHB) has compiled this information from sources we believe to be reliable, however QTHB does not give any warranty as to the accuracy, error or omission of information, if any. Interested parties should rely on their own enquiries.

Business Summary

Business Snapshot

Price: Management Rights $1,495,000 Net Profit: $301,444 Remuneration / Body Corp Salary: $146,566

Managers Unit

Value of Managers Apartment: $600,000Bedrooms: 3Bathrooms: 1Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Complex: 44Total Units in Letting Pool: 25Agreement Term: 25 years
Marketing Agent

Key Investment Insights

1. The resort complex is located in an absolute beachfront position, providing stunning ocean views and direct access to the beach.
2. The business offers a great lifestyle for the owner, with the opportunity to live and work in paradise.
3. The property features a beautiful tropical palm tree lined driveway, adding to the overall ambiance of the resort.
4. The former restaurant and conference room on the property can be converted into additional lettable units, providing potential for increased income.
5. The business has a strong net income of $301,444 and a remuneration of $146,566 + GST per annum.
6. The managers unit is a spacious 3 bedroom apartment with a real estate component valued at $600,000.
7. The letting rights agreement has a long term of 25 years, providing stability and security for the owner.
8. The property offers a range of facilities including saltwater swimming pools, a spa, tennis court, and undercover parking.
9. The reception/office is on title, making it convenient for the manager to run the business.
10. The business has huge potential for growth and expansion, providing a great opportunity for a motivated buyer.

Management Rights Multiplier: 2.97
ROI Estimate: 33.68%

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