Point Lookout, Queensland

Island Living, delivering a great return! | Resort Brokers ID : MR006597

$1,600,000

Property Description

With the net profit of more than $262K, 21 years on accommodation module agreements, a healthy sinking fund, plus an easy to run resort-style complex this is great for a dynamic couple looking for an island sea change.



  • 21 years in agreement

  • No set office hours

  • Body Corporate Salary $114,257

  • +16% ROI with 4x Multiplier

  • Very supportive Body Corporate

  • Manager's residence: 3 bed, 1 bath, 1 car

  • Property inspections are by appointment only


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Date updated: 02 Jun 2021 13:00:06

Property Summary

Business Snapshot

Price: $1,600,000 Net Profit: $262,812 Remuneration / Body Corp Salary: $114,257

Managers Unit

Value of Managers Apartment: $520,000Bedrooms: 3Bathrooms: 1Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 36Total Units in Letting Pool: 25Holiday Units: 25Owner Occupy Units: 7Outside Agent Units: 3Lockup Units: 2Agreement Term Remaining: 23 years
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