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. Asking price listed as management rights offers above $990,000, seller described as motivated.
2. FY24 net profit $196,187, with remuneration/body corporate salary of $62,549.
3. Real estate component included, manager's apartment valued at $525,000 and reception/office on title.
4. Manager's accommodation comprises two two‑bedroom apartments (combined 4 bedrooms), two bathrooms and four car spaces, offering owner-occupier flexibility or rental income from one unit.
5. Total complex of 29 fully furnished studio, one, two and family apartments, providing a diverse unit mix to suit a wide range of guests.
6. Letting pool consistently 17 units, with references to 15 currently included and two more to be added soon, indicating potential to increase pool yield.
7. Letting rights include a 25 year agreement term commencing 2025, providing long-term operational security.
8. High quality complex with excellent presentation and consistent trading over many years, indicating established operations and market acceptance.
9. Easily operated by a husband and wife team, reflecting manageable day-to-day operations and low staffing complexity.
10. Strong repeat business with a high volume of regular clients, supporting occupancy stability and revenue predictability.
11. Attractive on-site amenities including a saltwater swimming pool, BBQ area, secure undercover car parking and a tennis court, enhancing guest appeal and revenue potential.
12. Prime tropical North Queensland location close to all amenities, supporting leisure demand and lifestyle benefits for owner-operators.

Management Rights Multiplier: 2.37
ROI Estimate: 42.19%