Trinity Beach, Queensland
EXCELLENT PRICE - MOTIVATED VENDORS
SOLD
Business Description
Exclusive 4 star resort in Trinity Beach, 15 minutes drive north of Cairns.
With a great mix of holiday & corporate letting this is a top business and a credit to the current managers.
Excellent resort facilities, and guests have a choice of 1, 2 & 3 bedroom apartments, most of which have been refurbished to a high standard.
Very cooperative Body Corporate.
Considerable upside exists with this rarely advertised property for astute management: (Current owners have been in place for almost fifteen years.)
A solid based Holiday and Corporate business with high repeat clientele.
With extensive tropical gardens and lovely water features this is a very well presented quality property.
Very spacious exclusive use reception/office.
Manager's real estate includes 2 commercial lots.
Very well priced for market by motivated Vendors who now have additional business interests.
Contact Calvin for further information.
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $361,026 Remuneration / Body Corp Salary: $241,974Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: YesSpacious two bedroom, two bathroom apartment with patio area, recently fully refurbished. Also included are two commercial lots.
Complex Information
Complex Type: MixedStar Rating: 4Total Units in Complex: 98Total Units in Letting Pool: 36Owner Occupy Units: 28Outside Agent Units: 24Lockup Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesSauna: YesTennis Court: YesBBQ Area: YesPay TV: YesWIFI: Yes
Key Investment Insights
1. Exclusive 4 star resort located in Trinity Beach, 15 minutes drive north of Cairns.
2. Strong mix of holiday and corporate letting, making it a top business.
3. Excellent resort facilities, including a choice of 1, 2, and 3 bedroom apartments.
4. Most apartments have been recently refurbished to a high standard.
5. Very cooperative Body Corporate.
6. Potential for growth and improvement with astute management.
7. Current owners have been in place for almost fifteen years.
8. Solid base of holiday and corporate clientele with high repeat business.
9. Well-presented property with extensive tropical gardens and water features.
10. Spacious exclusive use reception/office.
11. Manager's real estate includes 2 commercial lots.
12. Motivated vendors offering a well-priced opportunity due to additional business interests.
13. Contact Calvin for further information.
14. Business Snapshot: Price - SOLD, Net Profit - $361,026, Remuneration/Body Corp Salary - $241,974, Body Corp Salary Review - CPI Annually.
15. Manager's Unit: 2 bedrooms, 2 bathrooms, 2 car spaces, exclusive use office, pets allowed.
16. Recently fully refurbished apartment with patio area.
17. Complex Information: Mixed complex with a 4 star rating, 98 total units, 36 units in letting pool, 28 owner-occupied units, 24 outside agent units, 8 lockup units, 1 manager unit.
18. Agreement Module: Accommodation, Agreement Term: 25 years, Agreement Term Remaining: 23 years.
19. On-site amenities include a pool, spa, sauna, tennis court, BBQ area, pay TV, and WIFI.
