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-presented four-star beachfront property with impressive street appeal.
2. Comprised of two, three, and four-bedroom apartments with top beachfront location.
3. Flexibility for all guests with fully equipped and recently upgraded apartments.
4. Excellent profitability with good business operation and well-priced property.
5. Onsite management residing onsite for efficient management.
6. Large beachfront resort pool with spa, BBQ and cabana area, and water features.
7. Amenities such as cable TV, upgraded Wi-Fi, tour desk, lift access, and hire cars.
8. Secure basement parking for guests.
9. Manager's apartment is a spacious two-bedroom, two-bathroom unit with private patio and sea views.
10. Opportunity to live the tropical dream with confidentiality conditions applying.
11. Price of $2,950,000 with a net profit of $488,519 and a remuneration/body corp salary of $73,589.
12. Manager's apartment valued at $900,000.
13. Complex type is holiday with a star rating of four and a total of 24 units.
14. 20 units in the letting pool, one owner-occupied unit, and two lockup units.
15. Agreement module is accommodation with a term of 25 years and 23 years remaining.
16. Amenities include a pool, spa, BBQ area, pay TV, and WIFI.

Management Rights Multiplier: 4.20
ROI Estimate: 23.83%