Trinity Beach, Queensland

Rare Beachfront opportunity

$2,275,000

Business Description

Rare offering: Two exclusive, 4.5 star beachfront properties.
Common boundary and run as one business with joint reception.
Lovely mix of one, two and three-bedroom apartments, fully equipped and with quality fittings including the two-bedroom managers apartment.
This property enjoys a top beachfront location and provides impressive street appeal.
Excellent very well priced business and properties, that are well worth viewing.
Contemporary and beachfront!
Approval for pets.
Office and reception on title, long agreements with very good $99,640 ex GST body corporate salary.

Here is your opportunity to live the tropical dream.
Confidentiality conditions apply.
For further information on this property contact Calvin Bailey today.

Business Summary

Business Snapshot

Price: $2,275,000 Net Profit: $450,000 Remuneration / Body Corp Salary: $99,640Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $620,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Spacious two bedroom two bathroom 111m2 Apartment with patio access to garden areas. Office reception on title, plus separate office in second building for manager's use.

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 41Total Units in Letting Pool: 28Owner Occupy Units: 5Outside Agent Units: 3Lockup Units: 4Manager Units: 1Agreement Module: AccommodationAgreement 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. Two exclusive, 4.5 star beachfront properties with a common boundary and joint reception.
2. Mix of one, two, and three-bedroom apartments with quality fittings, including a two-bedroom manager's apartment.
3. Prime beachfront location with impressive street appeal.
4. Well-priced business and properties with a good body corporate salary.
5. Contemporary and beachfront design.
6. Approval for pets.
7. Office and reception on title, with long agreements and a good body corporate salary.
8. Opportunity to live the tropical dream.
9. Confidentiality conditions apply.
10. Manager's apartment valued at $620,000 with two bedrooms, two bathrooms, and a separate office.
11. Complex type is holiday with a 4-star rating and a total of 41 units.
12. 28 units in the letting pool, 5 owner-occupied units, and 3 outside agent units.
13. Agreement module is accommodation with a 25-year term remaining.
14. On-site amenities include a pool, spa, BBQ area, pay TV, and WIFI.

Management Rights Multiplier: 3.68
ROI Estimate: 27.19%