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Ideally positioned Mackay Short-Term Management Rights with Net Profit of $484K | Resort Brokers ID : MRB008633
$1,694,555
Resort / Holiday Management Rights, Mackay QLD
ResortBrokers presents to the market the fully established, short-term management rights located in the heart of Mackay overlooking the Pioneer River. The low-rise apartment complex has been successfully run under management by a larger corporate hotel group creating great upside for a savvy operator with staff or as an owner-operator. The property consists of a mix of 1 bed, 1 bath and 2 bed, 2 bath unit types that are ideal for short-term occupancy. The letting pool is run as a short-term business.
The verified net profit report has been prepared by industry specialists management rights accountant McAdam Siemon and shows a strong net profit of $484,159 per annum.
The caretaking and letting agreements are on the 25 year accommodation module, this business-only opportunity has no set office hours and no real estate to purchase making it an attractive option for any experienced operator to secure a solid business with genuine upside.
- 64 apartments offering 1 and 2 bedroom design all with modern fitout and well-presented
- Ideal for short-term letting with 1 bed, 1 bath and 2 bed, 2 bath designs
- 32 apartments are in the short-term letting pool
- Number of outside agents creates upside potential for an active manager to bring back to the letting pool
- 25 year Caretaking and Letting Agreements - 15 years remaining and top-up motion underway
- Body Corporate salary of $72,193 p.a. plus GST
- Currently managed by a two-person team with the assistance of contract cleaners
- No set office hours in the agreements and no real estate to buy
- Property enjoys a great position near to main attractions making it a top choice for holiday makers and corporate travellers
- Occupancy is consistently high and is generally fully tenanted
- All inspections by appointment only
Date updated: 20 Jun 2025 23:00:02
More Information
- Total Purchase Price: $1,694,555
- Net Income: $ 484,159
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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