Point Lookout, Queensland

Why go on holiday when you can live here? - ID 9029

$1,695,000

Business Description

Management Rights For Sale
Point Lookout - North Stradbroke Island

- Absolute beachfront complex
- Strong letting business
- 29 apartments with 22 in the holiday letting pool
- Public transport right at the front door
- Good Body Corporate with supportive committee
- 21 years remaining on Accommodation Module agreements
- Unique zoning protects Manager's investment - ask for details
- 2 bed, 1 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.

This business continues to enjoy strong growth as many visitors are discovering the island for the first time while seeking out local tourism destinations.

Motivated vendors have priced this business to sell.

Net Profit: $253,115
Asking Price: $1,695,000
(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:

Management Rights Broker
Peter Ross

Property Code: 723

Business Summary

Business Snapshot

Price: $1,695,000 Net Profit: $253,115 Remuneration / Body Corp Salary: $81,000

Managers Unit

Value of Managers Apartment: $700,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

2 bedrooms, 2 bathrooms, Open plan living, Office and conference room on title, 2 car spaces

Complex Information

Complex Type: HolidayTotal Units in Complex: 29Total Units in Letting Pool: 22Outside Agent Units: 4Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSauna: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Peter Ross

MR Sales

Key Investment Insights

Key insights for this business for sale listing include:

- Absolute beachfront location on North Stradbroke Island
- Strong and growing holiday letting business
- 29 apartments in total, with 22 in the holiday letting pool
- Public transport conveniently located at the front door
- Supportive Body Corporate and committee
- Accommodation Module agreements with 21 years remaining
- Unique zoning that protects the Manager's investment
- 2 bedroom, 1 bathroom manager's residence
- Motivated vendors and priced to sell
- Net profit of $253,115
- Asking price of $1,695,000, inclusive of manager's real estate
- Manager's apartment valued at $700,000
- Complex type is holiday accommodation
- 29 total units in the complex, with 22 in the letting pool
- 4 units managed by outside agents and 2 lockup units
- Accommodation Module agreement with a 25-year term and 21 years remaining
- On-site amenities include a pool, sauna, BBQ area, and WIFI.

Management Rights Multiplier: 3.93
ROI Estimate: 25.44%