Golden Beach, Queensland


Property Description

Golden Beach on the Water

Established complex in Golden Beach overlooking the Pumicestone passage & offering a stand out managers apartment with views over the water with a business operation that is well run. With the income from a combination of units inside and external to the complex the opportunity exists to expand further.

The total net income is $141k with $123k generated from the resort and $17k from the 4 external units being a mix of short and long term letting. There is also additional income of approx $6k pa from grounds-keeping works at another complex within short walking distance which is not included in the P&L.

- 15 units in complex letting pool plus additional 4 external.
- Family sized water view 3 bed unit with detached office on title and a recent valuation competed at $625k
- Excellent BC salary of $48k with additional income of $6k pa available from outside works.
- Currently run by a single operator with some assistance for cleaning.
- Multiplier of 3.62 on internal income $123,732 and 1.5 on external $17,395
- Central location close to amenities, waterways and outside activities.

For further information on this listing please contact the exclusive agency, either Lindsay Petty or Barry Davies.

Property Summary

Business Snapshot

Price: $1,150,000 Net Profit: $141,127 Remuneration / Body Corp Salary: $49,770

Managers Unit

Value of Managers Apartment: $625,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title
The managers residence is a spacious 3 bed master with ensuite offering views over recreational parkland and the Pumicestone passage waterway. Quality fittings and fixtures with a good size detached office on the managers title.

Complex Information

Complex Type: MixedTotal Units in Complex: 29Total Units in Letting Pool: 19Holiday Units: 12Permanent Units: 7Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes

Hotel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent

Lindsay Petty

Marketing Agency

Resort Management Sales

Resort Management Sales

Resort Management Sales

Lindsay Petty
Resort Management Sales


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Golden Beach, Queensland 4551 Exact map location not provided

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