Wongaling Beach, Queensland

Where The Rainforest Meets The Reef - ID 8674

$760,000

Business Description

Holiday Management Rights For Sale
Wongaling Beach - Nestled Between Mission Beach North & South

- Consistent Performing Holiday Complex
- 13 dual key units in the holiday pool
- Low maintenance grounds, resort pool, spa and BBQ area for guests
- 2 bedroom, 2 bathroom, ground floor manager's residence
- No set hours in the agreements and positive Body Corporate
- Cleaners in place to allow time for lifestyle pursuits
- Ideal couples lifestyle business
- Wanting to relocate to a quiet beachside lifestyle? Look to further.

Good sized renovated, ground floor manager's unit that offers 2 bedrooms and 2 bathrooms. Perfect position for guests wanting to slow down and retreat from the hustle and bustle of life. This will be an ideal shore point base to visit Dunk Island when it is re-opened. Council improving local infrastructure and foreshore areas will only help the local businesses grow. Come and see what all the hype is about - this could be the next area to boom tourist wise.

Net Profit: $166,941
Asking Price: $760,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this North Queensland management rights business for sale contact:

Management Rights Broker
Antonio Curulli

Property Code: 513

Business Summary

Business Snapshot

Price: $760,000 Net Profit: $166,941 Remuneration / Body Corp Salary: $31,375

Managers Unit

Value of Managers Apartment: $300,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Two bedroom unit, Two bathrooms, Reception & office on title, Under cover car park, Garden shed, Pet permitted with Body Corporate approval

Complex Information

Complex Type: HolidayTotal Units in Complex: 15Total Units in Letting Pool: 14Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Antonio Curulli
Antonio Curulli

Key Investment Insights

1. Consistent performing holiday complex with 13 dual key units in the holiday pool.
2. Low maintenance grounds, resort pool, spa and BBQ area for guests.
3. 2 bedroom, 2 bathroom ground floor manager's residence.
4. No set hours in the agreements and positive Body Corporate.
5. Cleaners in place to allow time for lifestyle pursuits.
6. Ideal couples lifestyle business.
7. Located in Wongaling Beach, nestled between Mission Beach North and South.
8. Good sized renovated, ground floor manager's unit.
9. Perfect position for guests wanting to slow down and retreat from the hustle and bustle of life.
10. Ideal shore point base to visit Dunk Island when it is re-opened.
11. Council improving local infrastructure and foreshore areas will only help the local businesses grow.
12. Net profit of $166,941.
13. Asking price of $760,000, inclusive of manager's real estate.
14. Value of manager's apartment is $300,000.
15. Two bedrooms, two bathrooms, and reception and office on title.
16. Undercover car park and garden shed.
17. Pet permitted with Body Corporate approval.
18. Complex type is holiday with a total of 15 units in the complex.
19. 14 units in the letting pool and one manager unit.
20. Agreement module is accommodation with a term of 25 years and 20 years remaining.
21. Amenities include a pool, spa, BBQ area, pay TV, and WIFI.

Management Rights Multiplier: 2.76
ROI Estimate: 36.29%

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