Queensland
Tropical Location and Great Lifestyle Business
Management Rights Priced to Sell at $1,050,000
Business Description
* 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
* 18 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 only $1,050,000 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 18 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
Managers Unit
Value of Managers Apartment: $525,000Bedrooms: 4Bathrooms: 2Car Spaces: 4Office: On TitleComplex Information
Complex Type: HolidayTotal Units in Complex: 30Pool: YesTennis Court: YesBBQ Area: Yes
Key Investment Insights
1. The business is located in a highly desirable tropical location with close proximity to all amenities.
2. The complex is of high quality and has excellent presentation.
3. The business offers a mix of 29 fully furnished studio, one, two and family apartments, catering to a wide range of guests.
4. 18 units are currently included in the letting pool, providing a steady source of income.
5. The business is easily operated by a husband and wife team, who have been long term owner operators.
6. The business has a strong base of repeat customers, indicating a high level of customer satisfaction.
7. The business has maintained consistent trading over many years.
8. The business is priced to sell by a motivated seller at $1,050,000, offering great value for money.
9. The business has a net profit of $196,187 in FY24.
10. The business offers a great lifestyle for the owners, while operating a profitable and well-established business.
Manager's Unit:
1. The manager's unit consists of 2 two-bedroom apartments, making a total of 4 bedrooms.
2. Alternatively, one of the two-bedroom units can be rented out, providing an additional source of income.
3. The real estate component of the manager's unit is included in the sale and is valued at $525,000.
4. The manager's unit also includes a reception/office on title.
Letting Rights:
1. The business has a 25-year agreement term, starting from 2025.
2. The business consistently has 18 units in the letting pool, providing a steady source of income.
Property Facilities:
1. The property offers a saltwater swimming pool and BBQ area for guests to enjoy.
2. Secure undercover carparking is available for guests.
3. The property also includes a tennis court for guests to use.
