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: 22Lockup Units: 1Manager Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Well-presented and highly profitable beachfront property.
2. Comprised of two, three, and four bedroom apartments with high-quality fittings.
3. Prime beachfront location with impressive street appeal.
4. Excellent business with strong profitability.
5. Office on title and new agreements in place.
6. Very good body corporate salary with annual CPI review.
7. Manager's apartment valued at $725,000.
8. Spacious and well-appointed manager's apartment with private patio.
9. Complex is a holiday type with 24 units in total and 22 in the letting pool.
10. 25-year agreement with 24 years remaining.
11. Facilities include a pool, spa, BBQ area, pay TV, and WIFI.
12. Perfect opportunity to live the tropical dream.

Management Rights Multiplier: 4.61
ROI Estimate: 21.68%