Main Beach, Queensland
Two for One!!
$375,000
Business Description
Two for One!!
These complexes adjoin and are situated approximately 200m from the beach, with close proximity to excellent Public & Private schools, including TSS and St Hilda's Schools. Within walking distance on offer a variety of restaurants and cafes, Southport Yacht and Surf Clubs and a short drive to nearby Marina Mirage, The Sheraton Mirage, The Imperial and SeaWorld.
These complexes are also conveniently situated close to public transport and the light rail. Images might not depict these complexes.
Secure salaries, no fixed hours and BC maintain the pool in one of the complexes.
To arrange an inspection call: Gavin
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Business Summary
Business Snapshot
Price: $375,000
Net Profit: $93,500 Remuneration / Body Corp Salary: $78,300
Complex Information
Complex Type: CaretakerTotal Units in Complex: 42Total Units in Letting Pool: 8Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesSpa: YesSauna: YesBBQ Area: Yes
Key Investment Insights
1. Two adjoining complexes being sold together, offering combined scale and management efficiencies.
2. Located approximately 200m from the beach, providing strong coastal appeal for residents and short-term guests.
3. Close proximity to prominent schools including TSS and St Hilda's, enhancing appeal to families and long‑term tenants.
4. Walking distance to restaurants, cafes, Southport Yacht and Surf Clubs, supporting lifestyle and guest amenity value.
5. Short drive to Marina Mirage, The Sheraton Mirage, The Imperial and SeaWorld, strengthening tourism and visitor catchment.
6. Convenient access to public transport and the light rail, improving tenant accessibility and occupancy potential.
7. Price $375,000 with reported net profit $93,500, implying a roughly 4.0x price-to-net-profit multiple and strong cashflow yield.
8. Remuneration / Body Corporate salary of $78,300, representing a secured income component for the operator.
9. Caretaker complex with total 42 units, including 8 units in the letting pool, indicating potential to grow letting revenue.
10. Long-standing accommodation agreement originally 25 years with 16 years remaining, providing contract stability and predictable term.
11. Property amenities include pool, spa, sauna and BBQ area, enhancing guest experience and letting appeal.
12. Operational advantages include no fixed hours for the operator and Body Corporate responsibility for pool maintenance in one complex, reducing operator workload and operating costs.
