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

- Great location in a tropical setting, close to amenities
- High quality complex with excellent presentation
- 29 fully furnished apartments, offering a variety of options for guests
- 17 units currently in the letting pool, providing a consistent source of income
- Easily operated by a husband and wife team, with potential for growth
- Strong repeat business and regular clients
- Consistent trading over many years
- Priced to sell by a motivated seller, offering great value at offers above $990,000
- Net profit of $196,187 in FY24
- Includes 2 two-bedroom manager's apartments, with the option to rent out one for additional income
- Real estate component included in the sale, valued at $525,000
- 25 year agreement term (from 2025)
- Property facilities include a saltwater swimming pool, BBQ area, and tennis court.

Management Rights Multiplier: 2.37
ROI Estimate: 42.19%