Palm Cove, Queensland
Exclusive Management Rights Opportunity at Premier North Queensland Resort
$3,300,000
Business Description
Nestled in the picturesque Palm Cove, this premier resort presents a unique opportunity to acquire management rights to a well-established and profitable business. Its idyllic location, exceptional facilities, and long-term agreements make it an extremely rewarding investment for discerning buyers. The resort's strong financial performance and operational efficiency underscore its popularity and potential for further growth.
This investment offers numerous benefits, including a high net profit and supplementary income with potential for further enhancement. Situated in a prime location in a desirable holiday destination, the resort boasts exceptional facilities that cater to diverse guest needs. Growth opportunities abound, such as enforcing short-term stay zoning and expanding bar and café services to the public, note the café has only been operating for the last couple of months and not reflected in the P/L. The long-term security provided by the management agreements and the comfortable on-site living arrangement for new owners add to its appeal.
With an impressive net profit of $656k per annum which includes a body corporate salary of $17,181 per month which is due to increase in February 2025. The resort presents a lucrative financial opportunity. Moreover, the resort is currently run under management, providing opportunities for further growth and efficiency improvements.
The manager’s residence is a spacious and attractive three-bedroom, two-bathroom unit with a car space and easy access to the resort’s facilities. With 20 years remaining on the accommodation module, it offers long-term security. Additionally, the resort features a licensed bar and café with the capacity to serve the public, offering potential for additional revenue streams.
This property stands out as a premier investment in Far North Queensland’s hospitality sector, offering a blend of bespoke comfort and financial success.
Net Profit: $656,042
Property Code: 32
Business Summary
Business Snapshot
Price: $3,300,000
Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title3 Bedroom + 2 Bathroom + 1 Car Space (includes a cafe space)
Complex Information
Complex Type: MixedTotal Units in Complex: 58Total Units in Letting Pool: 35Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: Yes
Key Investment Insights
1. Premier resort located in the picturesque Palm Cove, offering a unique opportunity to acquire management rights.
2. Strong financial performance and operational efficiency, highlighting its popularity and potential for further growth.
3. High net profit of $656k per annum, including a body corporate salary of $17,181 per month.
4. Potential for additional income streams, such as enforcing short-term stay zoning and expanding bar and café services to the public.
5. Long-term security provided by 20 years remaining on the accommodation module.
6. Manager's residence is a spacious and attractive three-bedroom, two-bathroom unit with easy access to resort facilities.
7. Features a licensed bar and café with potential to serve the public, offering additional revenue opportunities.
8. Run under management, providing opportunities for further growth and efficiency improvements.
9. Located in a desirable holiday destination in Far North Queensland.
10. Offers a blend of bespoke comfort and financial success.
