Point Lookout, Queensland

Business For Sale - Why go on holiday when you can live here? - ID 9029 BL

$1,725,000

Property Description

Management Rights For Sale
Point Lookout - North Stradbroke Island

- Absolute beachfront complex
- Strong letting business
- 29 apartments with 25 in the holiday letting pool
- Public transport right at the front door
- Good Body Corporate with supportive committee
- 23 years remaining on Accommodation Module agreements
- Recent increase to Body Corporate remuneration adds to features of this business
- Unique zoning protects Manager's investment - ask for details
- 2 bed, 2 bath manager's residence
- Growing family needs means experienced manager's are wanting to move on

Nestled amongst the melaleucas on the dunes of Home Beach, this is the only resort enjoying an absolute beachfront location on beautiful North Stradbroke Island - affectionately known as 'Straddie' by visitors and locals alike. This well established holiday accommodation business represents a rare opportunity to strike that work/life balance so often sought but seldom found.

With a recent 16.4% increase to the Manager's salary adding to the many features on offer, this business continues to enjoy strong growth as many visitors are discovering the island for the first time while seeking out local tourism destinations during Covid - and what a find!!

Motivated vendors have priced this business to sell.

Net Profit: $265,996
Asking Price: $1,725,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this North Stradbroke Island Management Rights business for sale contact:

Exclusive Management Rights Broker
Peter Ross

Property Summary

Business Snapshot

Price: $1,725,000 Net Profit: $265,996 Remuneration / Body Corp Salary: $75,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $700,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: On Title
Located on the first floor, Open plan design, Two bedrooms, One bathroom which has been renovated in recent years, Master bedroom is oversized and looks out over the pool to the beach, Air conditioned, Office and conference room on title, Two undercover lock up parking bays, Substantial storage/workshop area

Complex Information

Complex Type: HolidayTotal Units in Complex: 29Total Units in Letting Pool: 25Holiday Units: 25Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSauna: YesBBQ Area: YesWIFI: Yes
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