Mission Beach, Queensland

The Timing is Perfect for Mission Beach

$799,000

Business Description

Delightful well presented 4 star holiday property in Mission Beach situated 100m from the beachfront. Profitability continues to improve even in these uncertain times.
This business is perfectly positioned to benefit from the committed investment in tourism and development which is just beginning - and will take place over the next five years in Mission Beach.
It has a nice mix of elegant one and two bedroom dual-key self contained apartments and suites contained within three buildings. 13 of the 15 apartments are in the letting pool, providing 26 keys.
The manager's two bedroom two bathroom apartment is adjacent to the office which is on title.
Destination Mission Beach is a desirable location with many local water sport & reef trip attractions.
Dunk & Bedarra Islands just offshore, are easily accessed via ferries.
This lifestyle property was officially opened in May 2006 and the business is very well established in the marketplace - with an established client base showing many repeat guests.
With flexible office hours it is an easy two person operation and very well worth a viewing.

Call Calvin today for further information.

Business Summary

Business Snapshot

Price: $799,000 Net Profit: $166,303 Remuneration / Body Corp Salary: $29,816Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $300,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Elegant & spacious 2 bedroom apartment (126m2) with 2 ensuite bathrooms. Large covered patio.

Complex Information

Complex Type: HolidayTotal Units in Complex: 16Total Units in Letting Pool: 13Holiday Units: 13Owner Occupy Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Profitability continues to improve even in uncertain times, making this business a stable investment opportunity.
2. The business is well positioned to benefit from future tourism and development in Mission Beach, providing potential for growth.
3. The property has a mix of elegant one and two bedroom apartments and suites, providing a variety of options for guests.
4. The manager's apartment is conveniently located next to the office and is included in the sale.
5. Mission Beach is a desirable location with many local attractions, making it a popular destination for tourists.
6. The property and business have been established for over 15 years, with a loyal client base and repeat guests.
7. The business is easily operated by two people with flexible office hours, providing a desirable lifestyle for the owners.
8. The sale includes a well-maintained and spacious 2 bedroom apartment with 2 ensuite bathrooms.
9. The complex has a total of 16 units, with 13 units in the letting pool and 2 owner-occupied units.
10. The agreement term for the complex is 25 years, with 23 years remaining, providing long-term stability for the business.
11. The complex features amenities such as a pool, spa, and BBQ area, providing additional value for guests.
12. The sale includes an established client base and an established reputation in the marketplace.
13. The business has consistent and reliable income, with a net profit of $166,303.
14. The manager's remuneration and body corp salary also provide additional income for the owners.
15. The sale price of $799,000 includes the business and the manager's apartment, making it a comprehensive investment opportunity.

Management Rights Multiplier: 3.00
ROI Estimate: 33.33%