Key Investment Insights
1. Prime tropical North Queensland location, close to amenities, offering lifestyle appeal and visitor demand.
2. High quality, well presented holiday complex, 29 fully furnished studio, one, two and family apartments, diverse unit mix to suit a wide range of guests.
3. Letting pool nearing 17 units, currently 15 included with two more to be added soon, backed by a 25 year letting rights agreement commencing 2025.
4. Consistent trading and strong repeat business with a high volume of regular clients, indicating stable occupancy and revenue history.
5. Net profit approximately $196–197K for FY25, providing a clear profit base for a new owner.
6. Manager remuneration/body corporate salary of $62,549, separate to reported net profit.
7. Easily operated by a long term husband and wife owner-operator team, enabling straightforward takeover and low operational complexity.
8. Manager’s accommodation included on title valued at $525,000, comprising two two‑bedroom apartments (four bedrooms total), two bathrooms, four car spaces and an on-title reception/office.
9. On-site facilities include a saltwater swimming pool, BBQ area, secure undercover carparking and a tennis court, enhancing guest experience and property appeal.
10. Asking price offers above $990,000, seller motivated, presenting significant value given the included manager unit, established operations and long-term letting rights.
Management Rights Multiplier: 2.36
ROI Estimate: 19.94%
