Redcliffe, Queensland

Beautifully Appointed Holiday Complex – Outstanding Investment Opportunity

$1.5M MR & $900k Unit = Total $2.4M

Business Description

This short-term holiday complex presents an outstanding investment opportunity with a management agreement in place for 25 years, with 22 years remaining. Situated in the heart of Redcliffe, this prime location offers easy access to all the vibrant restaurants, cafés, and the stunning waterfront, all just a short stroll away. Whether you're in the mood for a leisurely seaside walk or exploring local dining spots, everything you and your guests need is within reach.

The manager's unit offers spacious living with 3 bedrooms, 2 bathrooms, and parking for 2 cars. There’s potential to convert the unit into a dual-key setup, allowing one bedroom to be rented separately for additional income, which is not reflected in the current P&L.

- Nett Profit: $322k
- Business Price: $1.5M @ 4.66x
- Unit Price: $900k
- Total Price: $2.4M

The complex features fantastic guest amenities, including a swimming pool, fitness centre, BBQ area, and secure parking. The low-maintenance gardens create a relaxed, welcoming atmosphere. A conference room with a private courtyard offers great potential for hosting events and functions, providing an additional revenue stream.

With the current owners focused on other ventures, this property is priced for a quick sale. Whether you're looking for a solid investment or an exciting new hospitality project, this complex offers exceptional value and opportunity.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $1.5M MR & $900k Unit = Total $2.4M Net Profit: $322,708 Remuneration / Body Corp Salary: $62,347

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 40Owner Occupy Units: 16Agreement Term: 25 yearsAgreement Term Remaining: 22 years

Marketing Agent

Robert Collins

0404 67....

Malcolm O'Farrell

0423 09....

Ras360

Key Investment Insights

Key Insights:
1. Prime location in the heart of Redcliffe, with easy access to restaurants, cafés, and the waterfront.
2. Long-term management agreement in place for 25 years, with 22 years remaining.
3. Potential to convert manager's unit into a dual-key setup for additional income.
4. Nett profit of $322k and business price of $1.5M at 4.66x.
5. Manager's unit priced at $900k, total price for complex is $2.4M.
6. Excellent guest amenities including swimming pool, fitness centre, BBQ area, and secure parking.
7. Low-maintenance gardens create a relaxed and welcoming atmosphere.
8. Potential for additional revenue through hosting events and functions in the conference room.
9. Priced for a quick sale due to current owners focusing on other ventures.
10. Exceptional value and opportunity for a solid investment or hospitality project.

Management Rights Multiplier: 4.65
ROI Estimate: 21.51%