Trinity Beach, Queensland

Next Level Beachfront Property

$2,950,000

Business Description

Stunning, Contemporary and Beachfront.
Very well presented four star beachfront property. One of the best I have had the opportunity to market. Comprising two, three and four bedroom apartments, recently upgraded and fully equipped with quality fittings including the two bedroom manager's unit. Perfect flexibility for all guests. This property enjoys a top beachfront location, all apartments face the sea - and the property has impressive street appeal. Excellent well priced business and a property that is well worth viewing. Great business with excellent profitability. Office on title, good Agreements, good salary of $73,589 exclusive of GST and most of units in the letting pool. The business operation is fully set up complete with onsite management who reside onsite. Large beachfront resort pool with Spa, BBQ & Cabana area, Cable TV, New upgraded Wi-Fi, Tour desk, Lift access, Landscaped gardens & Water features, Hire cars, Secure basement parking. Manager's apartment is two bedroom, two bathroom 122m2 including office. Private Patio area. Sea views. New carpets, curtains, double door fridge, ceiling fans, oven & cooktop. This property certainly ticks all the boxes and here is the opportunity to live the tropical dream. Confidentiality conditions apply.

Business Summary

Business Snapshot

Price: $2,950,000 Net Profit: $488,519 Remuneration / Body Corp Salary: $73,589Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No

Spacious 2 bedroom 2 bathroom manager's apartment 122m2 with office on title.

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 24Total Units in Letting Pool: 20Owner Occupy Units: 1Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

1. Well-maintained and upgraded four star beachfront property.
2. Flexible accommodation options with two, three, and four bedroom apartments.
3. Prime beachfront location with all apartments facing the sea.
4. Impressive street appeal.
5. Good business with excellent profitability.
6. On-site management residing on the property.
7. Large beachfront resort pool with spa, BBQ area, and cabana.
8. Newly upgraded amenities such as Wi-Fi and tour desk.
9. Lift access and secure basement parking.
10. Manager's apartment is spacious with two bedrooms, two bathrooms, and an office.
11. Option to live the tropical dream.
12. Confidentiality conditions apply.
13. Net profit of $73,589 and body corp salary of $73,589.
14. Manager's apartment valued at $900,000.
15. Complex is a holiday accommodation with a 4-star rating.
16. 20 units in the letting pool, 1 owner-occupied unit, and 2 lockup units.
17. Agreement module is accommodation with a term of 25 years and 23 years remaining.
18. Amenities include a pool, spa, BBQ area, pay TV, and Wi-Fi.

Management Rights Multiplier: 4.20
ROI Estimate: 23.83%