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 $146,566 + 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)
* 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 $1,295,000 Net Profit: $301,444 Remuneration / Body Corp Salary: $146,566

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

Marketing Agent

Andrew Morgan

QTHB

Key Investment Insights

1. Absolute beachfront location with direct beach access and ocean views.
2. Potential for additional income by converting former restaurant and conference room into more lettable units.
3. Great lifestyle for the owner with a tropical palm tree lined driveway and resort facilities such as saltwater swimming pools, spa, and tennis court.
4. Manager's unit with 3 bedrooms and a real estate component valued at $600,000.
5. Net income of $301,444 and remuneration of $146,566 + GST per annum.
6. 25 year agreement term (from 2021) for the letting rights with 32 self-contained units in the letting pool.
7. Huge upside potential for growth and increased income.
8. Queensland Tourism & Hospitality Brokers (QTHB) has compiled the information from reliable sources.
9. Interested parties should conduct their own enquiries.
10. Complex type is holiday with a total of 44 units and 25 units in the letting pool.

Management Rights Multiplier: 2.31
ROI Estimate: 43.37%