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. The resort complex is located in an absolute beachfront position, providing stunning ocean views and direct beach access.
2. The business offers a great lifestyle for the owner, with the opportunity to live and work in paradise.
3. The property features a tropical palm tree lined driveway, adding to the overall aesthetic and appeal of the resort.
4. There is a former restaurant and conference room on the property that can be converted into additional lettable units, providing potential for increased revenue.
5. The net income for the business is $301,444, with a remuneration of $156,533 + GST per annum.
6. The manager's unit is a spacious 3 bedroom apartment, with a real estate component valued at $600,000.
7. The letting rights for the complex have a 25 year agreement term (from 2021), with 26 self-contained units in the letting pool.
8. The property boasts various facilities such as saltwater swimming pools, a spa, tennis court, and undercover parking.
9. The reception/office is on title, providing convenience for the manager and guests.
10. Queensland Tourism & Hospitality Brokers (QTHB) has compiled the information from reliable sources, but interested parties should conduct their own enquiries.

Management Rights Multiplier: 2.31
ROI Estimate: 43.37%