Yeppoon, Queensland

Outstanding opportunity to take a high performing business to the next level | Resort Brokers ID : MR006697

Under Contract / Offer

Property Description

Absolute beachfront location, at the epicentre of the Great Southern Barrier Reef. This business will strike the soul with spectacular ocean views, breath taking morning sun rises from every balcony. This outstanding lifestyle business that delivers healthy returns with the potential to grow revenue even further, the vendor is looking to retire and 33 of the 64 units are with outside agents, which means an incoming manager has the opportunity to bring these back into the letting pool and subsequently grow the net profit.



  • Opportunity to grow business as 23 units with outside agents

  • 24 out of 25 years left on the agreements

  • Business would benefit from a full time/hands on operator

  • Motivated vendor

  • Recent renovations of units to 4 star standard

  • Spectacular beachfront location

  • Property inspections are by appointment only

Date updated: 22 Oct 2021 22:00:06

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $383,844 Remuneration / Body Corp Salary: $97,310

Managers Unit

Value of Managers Apartment: $150,000Bedrooms: 1Bathrooms: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 64Total Units in Letting Pool: 31Holiday Units: 31Owner Occupy Units: 10Outside Agent Units: 23Agreement Term Remaining: 24 years
Marketing Agent
Marissa von Stieglitz
Marissa von Stieglitz

Listing location
Gallery

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