Redcliffe, Queensland

Exciting Freehold Accommodation Business In Redcliffe Queensland For Sale

$2,300,000 WIWO

Business Description

This large English Tudor family home is currently operating as a very successful Bed and Breakfast returning a substantial income for an incoming owner.

Looking towards future retirement? Where better than sunny Queensland. Here is your chance to invest in this property hot spot. The Redcliffe Peninsular is just 30 mins North of Brisbane overlooking the beautiful Morton Bay.

This opportunity represents not just a profitable investment but also an enviable lifestyle change, perfect for anyone yearning for a coastal living experience while running their own successful business.

Ready to transition to retirement. This business can be scaled to a level that suits your lifestyle choices, work commitments and an income level to fit with other income streams.

Located 400 meters from the beach front. Short walk to Redcliffe with shopping, pubs, clubs and restaurants.

This fabulous property features 6 queen guest rooms all with ensuites, tea and coffee facilities A/C fridges and Flat screen smart TVs. 3 of these rooms include an additional single bed. A smaller room can serve as bedroom, office or storage space.

All guests’ rooms are located on the first and second floors with 2 communal lounges one on each floor. Guests can also relax on the shared deck over the magnificent sparking inground pool, or enjoy the poolside BBQ and dining facilities.

The ground floor includes an office, a large fully equipped guest kitchen, and a dining room with seating for 16 and a buffet breakfast bar. There is a dedicated guest laundry and a separate in-house laundry for private use. The ground floor also features a self-contained one-bedroom manager’s suite, so you can comfortably reside in your own investment!

A coded locking system for entry into the property and rooms allows for self-check-in, providing management with more freedom and flexibility with their lifestyle! Currently offered as a Bed & Breakfast for overnight or short-term stays, it is easily managed by one person with the assistance of an on-call couple who handle cleaning under contract. This setup allows one partner to pursue outside employment. A new owner may choose to offer longer-term rentals, holiday rentals, appoint a manager, or lease the entire property. Online booking systems are already in place.

Established and run by the current owner for over 20 years. Ainslie Manor ready to be taken over and continued as-is or with so much more potential for growth & enhancement, can be elevated to new heights by its next owners! This lucrative business & property investment in a flourishing & vibrant seaside area so close to Brisbane is a rare opportunity.

Turn over steadily increasing in line with popularity of Redcliffe as Tourist destination and property hot spot. Don’t miss this one.
To be sold WIWO with all furniture and chattels included.

Turnover
$206,557 (Net GST) 2023/24 financial year.
$277,920 (Net GST) 2024/25 financial year.
$194,000 2024/2025 financial year profit after add backs.

Business Summary

Business Snapshot

Price: $2,300,000 WIWO Net Profit: $194,000

Marketing Agent

Lynne Baucher

0421 07....

Private Seller

Key Investment Insights

1. The property is currently operating as a successful bed and breakfast, generating a substantial income for the owner.
2. The property is located in Redcliffe, a popular tourist destination and property hot spot, just 30 minutes north of Brisbane.
3. The business offers an enviable lifestyle change for someone looking to retire or live in a coastal area.
4. The business can be scaled to fit the owner's lifestyle and income needs.
5. The property is situated 400 meters from the beach and within walking distance to shopping, pubs, clubs, and restaurants.
6. The property features 6 queen guest rooms with en-suites, as well as communal lounges and a shared deck overlooking an inground pool.
7. The ground floor includes an office, a fully equipped guest kitchen, and a dining room with seating for 16.
8. A self-contained one-bedroom manager's suite is also included on the ground floor.
9. The property has a coded locking system for self-check-in, providing flexibility for the owner.
10. The business has been established and run by the current owner for over 20 years.
11. The turnover has been steadily increasing in line with the popularity of Redcliffe as a tourist destination and property hot spot.
12. The property and business are being sold WIWO, with all furniture and chattels included.
13. The projected turnover for the 2023/24 financial year is $206,557 (net GST), and $277,920 (net GST) for the 2024/25 financial year.
14. The projected profit for the 2024/2025 financial year after add backs is $194,000.

ROI Estimate: 8.43%