Key Investment Insights
1. Waterfront boutique resort in Tin Can Bay, offering true lifestyle appeal and rare market availability.
2. Net profit $109,738 (June 2025), asking price $895,000 inclusive of manager’s real estate.
3. Manager’s apartment valued at $600,000, configured as 2 bedrooms, 2 bathrooms and 2 car spaces, with office on title.
4. Manager’s residence currently split into a downstairs studio and an upstairs one‑bedroom apartment, enabling the manager to live onsite and holiday‑let the other unit for extra income.
5. Business described as exceptionally well maintained, simple to operate, and low stress with a manageable workload.
6. Strong demand from repeat guests and a reliable base of returning clientele, supporting stable occupancy and income.
7. No set office hours and no requirement to live onsite, however the manager must own the residence, offering operational flexibility.
8. Complex comprises 11 units with 10 in the letting pool, indicating concentrated revenue from a small, manageable portfolio.
9. Long‑dated accommodation agreement, 25 years originally with 19 years remaining, providing contractual security.
10. Onsite amenities include a pool, BBQ area, pay TV and WiFi, enhancing guest appeal and competitive positioning.
11. Remuneration/body corporate salary of $24,162, supplementing net profit for total manager compensation.
12. Positioned as ideal for first‑time operators or those seeking a semi‑retired lifestyle, combining waterfront living with dependable returns.
Management Rights Multiplier: 2.69
ROI Estimate: 12.26%