Queensland

Great Lifestyle Business in Tropical North Qld

Management Rights Offers Above $990,000

Business Description

Great Lifestyle Business in Tropical North Qld!

* 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
* 17 units included in the current letting pool
* 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
* Priced to sell by motivated seller at offers above $990,000 offers a huge amount of value at this price
* Net Profit $196,187 FY24
* Great lifestyle available whilst operating a profitable and well established business

Manager's Unit
* 2 x two bedroom managers apartment, making 4 bedrooms
* Alternatively only use 1 x two bedroom unit and rent out the other 2 bedroom unit
* Real estate component included, valued at $525,000
* Includes reception/office on title

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 Offers Above $990,000 Net Profit: $196,187 Remuneration / Body Corp Salary: $62,549

Managers Unit

Value of Managers Apartment: $525,000Bedrooms: 4Bathrooms: 2Car Spaces: 4Office: 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

1. The business is located in a popular tourist destination in Tropical North Queensland, providing a great lifestyle for the owners.
2. The complex is well-maintained and has a high level of presentation.
3. The business offers a diverse range of accommodation options, including studio, one, two, and family apartments, catering to a wide range of guests.
4. The current letting pool includes 17 units, providing a steady source of income for the business.
5. The business is currently operated by a husband and wife team, making it easy to manage.
6. The business has a strong base of repeat customers and regular clients, ensuring consistent trading over the years.
7. The asking price of offers above $990,000 is considered to be a great value for the business and its assets.
8. The business has a net profit of $196,187 in FY24, making it a profitable venture.
9. The managers' unit includes two two-bedroom apartments, with the option to rent out one and live in the other.
10. The letting rights have a long-term agreement of 25 years, providing stability and security for the business.
11. The complex offers a range of facilities, including a saltwater swimming pool, BBQ area, and tennis court.
12. The business is listed by Queensland Tourism & Hospitality Brokers (QTHB), a reputable agency in the industry.

Management Rights Multiplier: 2.37
ROI Estimate: 42.19%