Mackay, Queensland

Absolute Beachfront Resort Complex

Management Rights $1,595,000

Property 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 $254,222
* Remuneration $139,500 + GST per annum

Manager's Unit
* 3 bedroom managers unit
* Real estate component valued at $700,000 (includes separate self contained lettable unit)

Letting Rights
* 25 year agreement term
* 21 years remaining
* 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.

Property Summary

Business Snapshot

Price: Management Rights $1,595,000 Net Profit: $254,222 Remuneration / Body Corp Salary: $139,000

Managers Unit

Value of Managers Apartment: $700,000Bedrooms: 3Bathrooms: 1Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Complex: 44Agreement Term: 25 yearsAgreement Term Remaining: 21 years
Marketing Agent
Andrew Morgan
Andrew Morgan

Listing location
Gallery

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