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 $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. Priced to sell at offers above $990,000, presenting a clear investment entry point with a reported Net Profit of $196,187 for FY24.
2. Real estate component included and valued at $525,000, enhancing asset backing of the transaction.
3. Manager’s accommodation comprises 2 x two‑bedroom apartments (4 bedrooms total), with office/reception on title and 4 car spaces, providing on-site management flexibility.
4. Letting rights include a 25 year agreement term commencing in 2025, offering long-term operational security.
5. Letting pool scale is strong, with 15 units currently included and 2 more to be added soon, consistently 17 units in the pool historically.
6. Total complex of 29 fully furnished studio, one, two and family apartments, providing a diverse unit mix to appeal to a wide guest demographic.
7. Business is easily operated by a husband and wife team, with long-term owner‑operators demonstrating transferable operational processes.
8. Strong repeat business and high volume of regular clients, indicating stable occupancy and customer loyalty.
9. High quality complex presentation in a great tropical location close to all amenities, supporting guest appeal and potential premium rates.
10. On-site leisure facilities include a saltwater swimming pool and BBQ area, secure undercover carparking and a tennis court, enhancing guest experience and competitive positioning.

Management Rights Multiplier: 2.37
ROI Estimate: 42.19%