Trinity Beach, Queensland

Top Rated Holiday Accommodation

$2,275,000

Business Description

We are delighted to be appointed to sell this top rated management rights business offering a quality holiday experience at Trinity Beach – the favoured location among the northern beaches of Cairns in Far North Queensland. The business comprises the rights over two quality properties. The two properties managed as one, have not once, but several times, attracted top ratings nationwide over recent years reflecting the strong support of their customers. This has underpinned steady repeat bookings.

There are 40 lots in total with 28 in the combined letting pool offering a terrific mix of one, two and three bedroom apartments all continually maintained to meet the exacting needs of international and domestic guests. There is a choice of sea or tropical view and apartments are well appointed to four star standards. Management have astutely prepared marketing plans offering guests a good range of plans and packages to meet most needs. Both properties have elevator service to all floors and the properties are not only less than 30m to the beach, but also within a couple of minutes walk to a choice of fine restaurant, taverns and specialty retail shops. There are excellent on-site pool facilities, off-street under cover parking and attractive garden settings.

Body Corporate agreements currently have a lengthy expiry in 2049. The managers apartment is two bedroom, two bathroom with a private garden setting and there is exclusive use of office facilities, linen rooms, tool sheds and storage.

Business Summary

Business Snapshot

Price: $2,275,000 Net Profit: $472,917 Remuneration / Body Corp Salary: $99,641Business Value: $1,655,000

Managers Unit

Value of Managers Apartment: $620,000Bedrooms: 2Bathrooms: 2Office: Exclusive Use

Private and spacious 2 bedroom, 2 bathroom apartment, garden outlook to the sea

Complex Information

Complex Type: HolidayTotal Units in Complex: 40Total Units in Letting Pool: 28Owner Occupy Units: 7Outside Agent Units: 2Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: Yes

Marketing Agent

Geoff Ellis

0432 79....

North Queensland Management Rights

Key Investment Insights

1. Top rated management rights business, multiple nationwide accolades driving strong customer trust and steady repeat bookings.
2. Two adjacent properties managed as one, offering operational scale and consolidated marketing.
3. 40 lots in total, 28 units in the combined letting pool, providing a sizeable revenue base and a mix of one, two and three bedroom apartments.
4. Apartments maintained to four star standards, targeting both international and domestic guests.
5. Choice of sea or tropical views, units continually maintained to meet exacting guest expectations.
6. Prime Trinity Beach location, less than 30 metres to the beach and a few minutes walk to restaurants, taverns and specialty shops.
7. Strong on-site amenities including pool facilities, BBQ area, attractive garden settings, elevator access to all floors and off-street undercover parking.
8. Body Corporate agreements extend to 2049, providing long-term tenure security for the management rights.
9. Managers apartment is a private two bedroom, two bathroom unit with garden outlook, exclusive office use and on-site storage; apartment value quoted at $620,000.
10. Financial metrics listed: sale price $2,275,000, net profit $472,917, remuneration/body corporate salary $99,641, indicating healthy earnings relative to sale price.
11. Agreement structure: accommodation module with original 25 year term and approximately 23 years remaining, ensuring continued contracted management income.
12. Operators have implemented astute marketing plans and package options, enhancing appeal to diverse guest needs and supporting occupancy.

Management Rights Multiplier: 3.50
ROI Estimate: 20.79%