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Absolute Beachfront Resort Opportunity
$640K MR$650k Unit = Total $1.290M
Resort / Holiday Management Rights, BOWEN QLD
This exceptional beachfront resort offers an unbeatable lifestyle and investment opportunity, with direct access to the sand and uninterrupted ocean views from every unit. The complex is a high-quality 4.5-star property featuring 37 fully furnished one, two, and three-bedroom apartments.
Located near the newly opened Bowen Orbital Spaceport, the resort is ideally positioned to attract visitors for rocket launches, with the first test launch expected in 2024. As satellite demand grows, the spaceport is anticipated to become a major drawcard, enhancing the region's appeal. Currently operated under management, the resort boasts strong repeat business and a loyal clientele with significant upside potential for the next operator to build upon its existing success and expand further.
- NOP - $239,635 in FY23 @ 2.75x multiplier and 18% ROI, discounted to sell, offers over $1.290M considered
- BC Salary $114,800.55
- 25-year Accommodation Module with 22yrs remaining
Managers unit, valued at $650,000, is a spacious two-bedroom apartment with a balcony offering ocean views, a private ground-floor courtyard with lawn and garden, and a reception/office on title.
Resort amenities include direct beach access, a saltwater swimming pool and spa, secure basement parking, and two lifts. An onsite restaurant, independently operated by a third party, has been a longstanding feature of the property.
This is a rare opportunity to live and work in a beachfront paradise, with plenty of potential to grow the business and capitalize on the region's rising prominence. Don't miss out on this exceptional property - secure your future in one of QLD's most sought after locations today!
** Ras360 Property Solutions Specialists in Management Rights | Motels | Hotels | Pubs | Parks **
More Information
- Total Purchase Price: $640K MR$650k Unit = Total $1.290M
- Net Income: $ 233,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?