Trinity Beach, Queensland

STUNNING, CONTEMPORARY AND BEACHFRONT!

SOLD

Business Description

Urgent Sale.
Stunning, contemporary award winning architecture on the beachfront!
All this at a low multiplier!!
19 apartments in total, including 7 commanding ocean views: Seapoint on Trinity Beach is position A.
Spacious office on title and long agreements. 5 year top up pending.
Very well presented luxury four star beachfront property. All one & two bedroom apartments are fully equipped and have quality fittings including the two bedroom managers apartment.
This property enjoys a top beachfront location and provides impressive street appeal.
It is an excellent very well priced business that is well worth viewing.
Easily run business and low maintenance, first to inspect will buy.
Here is your opportunity to live the tropical dream.
Call Alex today for more information on this great property.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $149,000 Remuneration / Body Corp Salary: $38,500Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $290,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Two bedroom, two bathroom managers apartment with large patio area. Large office on title.

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 19Total Units in Letting Pool: 14Owner Occupy Units: 2Outside Agent Units: 1Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

Calvin Bailey Management Rights

Key Investment Insights

1. Award-winning architecture and impressive street appeal
2. Prime beachfront location with commanding ocean views
3. Low multiplier and well-priced business
4. 19 fully-equipped apartments, including a spacious manager's apartment
5. Long agreements with a 5-year top up pending
6. Low maintenance and easily run business
7. Opportunity for a tropical lifestyle
8. Manager's apartment with large patio and office on title
9. Holiday complex with a 4-star rating
10. Majority of units in the letting pool
11. Agreement module: Accommodation with a 25-year term
12. On-site amenities such as pool, spa, BBQ area, and WIFI
13. Potential for growth and increased profits through outside agent units and lockup units.

Management Rights Multiplier: 2.42
ROI Estimate: 41.39%