Mackay, Queensland

Absolute Beachfront Resort Complex

Management Rights $1,595,000

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 $700,000 (includes separate self contained lettable unit)

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 $1,595,000 Net Profit: $294,712 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 years

Marketing Agent

Andrew Morgan

QTHB

Key Investment Insights

1. The resort is in a prime location, being absolute beachfront, which offers a unique selling point for potential guests.
2. The business offers a great lifestyle for the owner, with the opportunity to live and work in paradise.
3. The tropical palm tree lined driveway adds to the overall appeal and atmosphere of the resort.
4. Direct beach access and ocean views are highly desirable features for guests, making the resort a popular choice for vacationers.
5. The property has potential for expansion and growth, with the former restaurant and conference room able to be converted into more lettable units.
6. The financials show a strong net income and remuneration for the owner, making this a profitable business opportunity.
7. The manager's unit is a spacious 3 bedroom apartment, with an additional self-contained unit that can be let out for extra income.
8. The letting rights include a 25 year agreement term, providing stability and security for the business.
9. The resort offers a range of facilities such as direct beach access, swimming pools, spa, and a tennis court, making it an attractive option for guests.
10. The reception/office being on title adds convenience for the manager and streamlines operations.

Management Rights Multiplier: 3.04
ROI Estimate: 32.93%