Trinity Beach, Queensland

Top Rated Holiday Accommodation

$2,375,000

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 29 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 2043. 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: $2,375,000 Net Profit: $450,000 Remuneration / Body Corp Salary: $97,021

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: 29Owner Occupy Units: 5Outside Agent Units: 2Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: Yes

Marketing Agent

Geoff Ellis

0432 79....

North Queensland Management Rights

Key Investment Insights

1. Highly rated management rights business located in the popular Trinity Beach area of Cairns, Far North Queensland.
2. Comprises the rights over two quality properties, with a total of 40 lots and 29 in the combined letting pool.
3. Strong support from customers, reflected in multiple top ratings nationwide.
4. Well-maintained apartments, offering a mix of one, two, and three bedrooms with sea or tropical views.
5. Astutely prepared marketing plans and packages to meet the needs of guests.
6. Elevator service to all floors, within 30m of the beach, and close to restaurants, taverns, and specialty shops.
7. Body Corporate agreements with a lengthy expiry in 2043.
8. Managers apartment is a private and spacious two bedroom, two bathroom with a garden outlook to the sea.
9. Exclusive use of office facilities, linen rooms, tool sheds, and storage.
10. Net profit of $450,000 and remuneration/body corp salary of $97,021.
11. Manager's apartment valued at $620,000.
12. Complex type is holiday and includes a pool and BBQ area.
13. Agreement module is accommodation with a 25-year term remaining.
14. Strong potential for steady repeat bookings and continued success.

Management Rights Multiplier: 3.90
ROI Estimate: 25.64%