Wongaling Beach, Queensland

Where The Rainforest Meets The Reef - ID 8674

$720,000

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: $190,422
Asking Price: $720,000
(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: $720,000 Net Profit: $190,422 Remuneration / Body Corp Salary: $36,060

Managers Unit

Value of Managers Apartment: $300,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

2 bedroom unit, 2 bathrooms, reception/office on title, undercover car park and garden shed, pet permitted with Body Corporate approval

Complex Information

Complex Type: MixedTotal Units in Complex: 145Total Units in Letting Pool: 14Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Antonio Curulli

MR Sales

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. Opportunity to relocate to a quiet beachside lifestyle.
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. Potential for growth with the reopening of Dunk Island and local infrastructure improvements.
11. Net profit of $190,422.
12. Asking price of $720,000 (inclusive of manager's real estate).
13. Value of manager's apartment is $300,000.
14. 2 bedrooms, 2 bathrooms, reception/office on title, undercover car park and garden shed.
15. Pet-friendly complex with Body Corporate approval.
16. Mixed complex with a total of 145 units and 14 in the letting pool.
17. Accommodation agreement with 23 years remaining.
18. On-site amenities include a pool, spa, BBQ area, pay TV, and WIFI.

Management Rights Multiplier: 2.21
ROI Estimate: 45.34%