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
* 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
* Priced to sell by motivated seller at offers above $990,000 offers a huge amount of value at this price
* Net Profit $197,371 FY25
* 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: $197,371 Remuneration / Body Corp Salary: $62,549
Managers Unit
Value of Managers Apartment: $525,000Bedrooms: 4Bathrooms: 2Car Spaces: 4Office: On TitleComplex Information
Complex Type: HolidayTotal Units in Complex: 29Total Units in Letting Pool: 17Pool: YesTennis Court: YesBBQ Area: Yes
Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit of $197,371 in FY25 supports the investment case, with asking offers above $990,000.
2. Established business with consistent trading over many years and strong repeat business from regular clients.
3. Management rights include a 25 year agreement term commencing in 2025.
4. The business is suited to a husband and wife team, with long term owner operators already managing operations.
5. Real estate included, with a managers’ apartment valued at $525,000 and reception office on title.
6. Two two bedroom managers’ apartments provide four bedrooms, with potential to occupy one and rent the other.
7. The 29 apartment complex offers a broad mix of furnished studios, one, two and family apartments.
8. Facilities include a saltwater pool, barbecue area, secure undercover parking and tennis court in tropical surroundings.
Management Rights Multiplier: 2.36
ROI Estimate: 19.94%
