PORT DOUGLAS REGION

North Queensland Holiday Resort

Offers over $4,000,000

Business Description

This North Queensland Resort is in a very desirable tourism location. This business is as good as one could expect. With profit consistently around or above $700K the resort is very well managed by a two person management team with housekeeping staff engaged either on contract or casually according to seasonal demand. The grounds are beautifully landscaped to minimise maintenance and the accommodation is four star. The apartment configuration offers something for everyone from couples to family groups and the appointments within every apartment are to an exacting standard. The big attraction is that all apartments are within the letting pool – no owner-occupiers or no outside agents involved, and the Body Corporate agreements offer the maximum 25 years to expiry.

This is a business that cannot be ignored by investors looking for a strong and consistent business with terrific location, superior accommodation and excellent business fundamentals.

Business Summary

Business Snapshot

Price: Offers over $4,000,000 Net Profit: $700,000 Remuneration / Body Corp Salary: $13,196Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Quality apartment with direct access to the office on title. Two bedroom, two bathroom with private living areas

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 27Total Units in Letting Pool: 26Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesSpa: Yes

Marketing Agent

Geoff Ellis

0432 79....

North Queensland Management Rights

Key Investment Insights

1. Consistent net profit around $700,000, indicating strong and stable earnings.
2. Asking price offers over $4,000,000, implying an attractive operating return based on reported profit.
3. All 26 of 27 apartments are in the letting pool, no owner-occupiers or external agents, maximising revenue potential and operational control.
4. Body Corporate accommodation agreements provide maximum 25 years to expiry, with 25 years remaining, offering long-term income security.
5. Efficient two-person management team supported by casual or contract housekeeping, demonstrating low core labour overhead and scalable staffing by season.
6. Managers apartment valued at $850,000, two bedrooms, two bathrooms, office on title with direct access to the office, enhancing on-site management capability and asset value.
7. Four-star accommodation with high-quality fittings and apartment configurations for couples through to family groups, supporting broad market appeal and premium rates.
8. Grounds are beautifully landscaped to minimise maintenance, reducing ongoing upkeep costs and preserving guest appeal.
9. Core facilities include pool and spa, strengthening the resort’s competitive positioning for holiday guests.
10. Body Corporate salary reported at $13,196 with annual CPI review, providing predictable and inflation-linked manager remuneration.

Management Rights Multiplier: 4.50
ROI Estimate: 17.50%