Redcliffe, Queensland

OUTSTANDING SHORT-STAY OPPORTUNITY - HUGE $495K+ NET PROFIT AT 3.6X MULTIPLIER | Resort Brokers ID : MR008042

Under Contract / Offer

Business Description

Perfectly located in Redcliffe’s growth corridor and only 5 minutes’ drive to the Dolphin’s home ground Kayo Stadium, this attractive, short-let management rights business is primed for success.

Supported by strong occupancy from short-stay holidaymakers and sports travellers and at an extremely attractive 3.6x multiplier on a nearly $500K net, this business represents a fantastic return on investment.

The complex is the preferred accommodation for several sporting groups/teams whose return bookings provide a solid, reliable foundation to the letting business.

The 3-bed 2-bath manager’s penthouse is being offered at $50,000 below its registered valuation by CBRE, which makes the real estate component of this management rights package hugely attractive.

What’s more, the penthouse is income-generating as part of the letting pool and attracts a solid rent of approximately $39,000 p.a.

This easily manageable business is underpinned by 22-year caretaking and letting agreements backed by a supportive body corporate committee.

The combination of a 3.6x multiplier, solid net profit of nearly $500K and a stable occupancy base of returning guests in a high-growth area make this a fantastic opportunity not to be missed.

Opportunity waits for no one — call Jeff today!



- Ideal Redcliffe position near Kayo Stadium
- Solid short-let business with strong occupancy and stable income
- Consistent month-on-month growth, boasting a strong ROI
- 3.6x multiplier is outstanding for this business
- Long caretaking and letting agreements with 22 years remaining
- Luxury 3-bed, 2-bath manager’s penthouse in letting pool, generating a solid income of circa $39K and offered at $20K below registered valuation
- On title ground floor office
- Opportunity to grow the conference room income
- Supportive body corporate committee
- No set office hours & flexible living arrangements
- Property inspections are by appointment only
Date updated: 21 Jul 2024 23:00:07

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $495,333 Remuneration / Body Corp Salary: $48,407

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 33Total Units in Letting Pool: 26Owner Occupy Units: 7Agreement Term Remaining: 21 years
Marketing Agent
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