Queensland

Great Lifestyle Business in Tropical North Qld

Management Rights $695,000

Business Description

* Net Profit $188,922 FY26
* Great location close to all amenities in tropical surrounds
* High quality complex with excellent presentation
* 29 fully furnished studio, one, two and family apartments - great mix to suit wide range of guests
* 15 units included in the current letting pool with 2 more to be added soon
* Easily operated by husband and wife team being long term owner operators
* Strong repeat business with high volume of regular clients
* Consistent trading over many years
* Great lifestyle available whilst operating a profitable and well established business

Manager's Unit
* One bedroom managers apartment
* Includes reception/office on title
* Option to purchase additional 3 bedroom unit to increase the managers residence or rent out to increase profits substantially

Letting Rights
* 25 year agreement term (from 2025)
* Consistently 17 units in the letting pool

Property Facilities
* Saltwater swimming pool & bbq area
* Secure undercover carparking
* Tennis court

Queensland Tourism & Hospitality Brokers (QTHB) has compiled this information from sources we believe to be reliable, however QTHB does not give any warranty as to the accuracy, error or omission of information, if any. Interested parties should rely on their own enquiries

Business Summary

Business Snapshot

Price: Management Rights $695,000 Net Profit: $188,922 Remuneration / Body Corp Salary: $62,549

Managers Unit

Value of Managers Apartment: $195,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Complex: 29Total Units in Letting Pool: 17Pool: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Andrew Morgan

QTHB

Key Investment Insights

AI generated. Confirm details with the seller.

1. Established management rights business with reported net profit of $197,371 and a $62,549 remuneration and body corporate salary.
2. 29 fully furnished studio, one, two and family apartments provide a broad accommodation mix for guests.
3. 17 apartments are currently in the letting pool, with two additional units expected to join soon.
4. Long term husband and wife owner operators support straightforward day to day operations.
5. Strong repeat business and regular clients underpin consistent trading over many years.
6. Tropical North Queensland location offers proximity to amenities in attractive tropical surrounds.
7. High quality, well presented complex includes a saltwater pool, barbecue area, tennis court and secure undercover parking.
8. Managers package includes a one bedroom apartment, reception and office on title, plus one car space.
9. A 25 year letting agreement commenced in 2025, supporting the business’s long term operating position.
10. Optional purchase of an additional three bedroom unit could expand the managers residence or provide rental income.

Management Rights Multiplier: 2.65
ROI Estimate: 27.18%