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 perceived value given reported earnings.
2. Net profit $196,187 for FY24, indicating healthy cash returns relative to asking price.
3. Manager remuneration/body corporate salary $62,549, separate from net profit figure.
4. Real estate component included, managers’ apartment valued at $525,000 and carried on title.
5. Managers’ accommodation comprises two two‑bedroom apartments providing four bedrooms, two bathrooms, four car spaces and an on‑title office; option to occupy one and rent the other.
6. High quality 29‑unit holiday complex, with a diverse mix of fully furnished studio, one, two and family apartments to suit a wide guest profile.
7. Letting rights secured with a 25‑year agreement from 2025, historical consistency of 17 units in the letting pool and currently 15 units in the pool with two more to be added soon.
8. Strong operational attributes, easily run by a husband and wife team with long‑term owner‑operator experience.
9. Strong repeat business and high volume of regular clients, supporting stable demand and consistent trading over many years.
10. Onsite amenities include a saltwater swimming pool, BBQ area, tennis court and secure undercover carparking, enhancing guest appeal.
11. Prime tropical North Queensland location close to all amenities, supporting year‑round holiday demand and lifestyle ownership.

Management Rights Multiplier: 2.37
ROI Estimate: 42.19%