Trinity Beach, Queensland

Beautiful and Beachfront

SOLD

Business Description

Very well presented four star beachfront property.
One of the best I have had the opportunity to market.
Comprising two, three and 4 bedroom apartments, recently upgraded and fully equipped with quality fittings including the two bedroom managers apartment. Perfect flexibility for all guests.
This property enjoys a top beachfront location and provides impressive street appeal.
Excellent very well priced business and property that is well worth viewing.
Stunning, contemporary and beachfront.
Great business with excellent profitability.
Office on title, new agreements and very good body corporate salary.

Here is your opportunity to live the tropical dream.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $515,000 Remuneration / Body Corp Salary: $70,418Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $725,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No
Spacious well appointed apartment includng private patio.

Complex Information

Complex Type: HolidayTotal Units in Complex: 24Total Units in Letting Pool: 22Holiday Units: 22Lockup Units: 1Manager Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Calvin Bailey Management Rights

Calvin Bailey Management Rights

Key Investment Insights

1. The property is a well-presented, four-star beachfront property with a top location and impressive street appeal.
2. The property comprises two, three, and four-bedroom apartments, all recently upgraded and fully equipped with quality fittings.
3. The property offers flexibility for all guests and includes a two-bedroom manager's apartment.
4. The business is priced very competitively and has excellent profitability.
5. The property includes an office on title, new agreements, and a good body corporate salary.
6. The managers' apartment is spacious and well-appointed, with a private patio.
7. The complex is a holiday type with a total of 24 units, 22 of which are in the letting pool.
8. The agreement term is 25 years, with 24 years remaining.
9. The complex features a pool, spa, BBQ area, pay TV, and WIFI.
10. This is a great opportunity to live the tropical dream and own a successful business in a stunning, beachfront location.

Management Rights Multiplier: 4.61
ROI Estimate: 21.68%

Listing location

This Business is sold

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