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. Absolute beachfront position with direct beach access and ocean views, high intrinsic location appeal.
2. Live-and-work lifestyle opportunity emphasised, owner accommodation on site.
3. Manager's unit is a 3 bedroom apartment, real estate component valued at $600,000, includes an office on title.
4. Management rights listed at $1,295,000, net income $301,444, remuneration $156,533 plus GST, providing clear financial metrics.
5. Letting rights are established with a 25 year agreement term commencing 2021, indicating long-term operational stability.
6. Letting pool comprises 26 self-contained units out of 44 total units, approximately 59% of the complex in revenue-generating pool.
7. Former restaurant and conference room are on title and can be converted into additional lettable units, representing tangible upside.
8. Resort facilities include saltwater swimming pools, a spa, tennis court, BBQ area, undercover parking and a reception/office on title.
9. Tropical palm tree lined driveway and beachfront setting support strong holiday market positioning and guest appeal.
10. Broker disclosure flags information compiled from believed-reliable sources, recommending buyer due diligence.

Management Rights Multiplier: 2.31
ROI Estimate: 43.37%