Mackay, Queensland

Absolute Beachfront Resort Complex

Management Rights $1,295,000

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 $156,533 + 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)
* 26 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 $1,295,000 Net Profit: $301,444 Remuneration / Body Corp Salary: $156,533

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: 26Agreement Term: 25 yearsPool: YesBBQ Area: Yes

Marketing Agent

Andrew Morgan

QTHB

Key Investment Insights

1. Prime location: The resort complex is situated in an absolute beachfront position, offering direct beach access and stunning ocean views. This is a major draw for tourists and holidaymakers, making it a highly desirable location for a resort.

2. Lifestyle benefits: The business offers a great lifestyle for the owner, with the opportunity to live and work in paradise. The tropical palm tree lined driveway and resort facilities such as saltwater swimming pools, spa, and tennis court add to the overall appeal and relaxation of the property.

3. Potential for growth: The property has huge upside potential, with a former restaurant and conference room on title that can be easily converted into more lettable units. This provides an opportunity for the new owner to increase their income and expand the business.

4. Strong financials: The business has a strong net income of $301,444 and a remuneration of $156,533 + GST per annum. This demonstrates the profitability and stability of the business.

5. Manager's unit: The property includes a spacious 3 bedroom manager's unit, with a real estate component valued at $600,000. This provides a comfortable living space for the owner and adds value to the overall property.

6. Long-term agreement: The letting rights for the complex have a 25-year agreement term, providing stability and security for the new owner.

7. Property facilities: The resort offers a range of facilities for guests, including direct beach access, saltwater swimming pools, spa, tennis court, and undercover parking. The reception/office on title also adds convenience for managing the business.

8. Experienced brokers: The sale of the business is being managed by Queensland Tourism & Hospitality Brokers (QTHB), a reputable and experienced brokerage firm. This adds credibility and trust to the listing.

Management Rights Multiplier: 2.31
ROI Estimate: 43.37%