Enticing Business Opportunity
$1,876,034
Resort / Holiday management rights, Trinity Beach QLD
We are proud to present an enticing investment opportunity with Amaroo at Trinity Beach, located in the picturesque Tropical North Queensland suburb of Trinity Beach.
This property offers a compelling blend of modern comfort, stunning location, and a robust business model, making it an attractive investment opportunity with competitive market rates.
The property comprises 32 apartments/keys, with a strong letting pool of 36 apartments/keys. Offering a diverse range of single and dual keyed rooms the resort boasts six single studio apartments per floor, flanked by dual-key apartments.
Twenty-four rooms are configured as single studios, with seven dual-keyed rooms, ideal for families. Each level houses a guest laundry with coin-operated machines, supplementing income and adding to guest convenience.
The complex features a range of facilities including a heated pool with a spa, a full-sized flood-lit tennis court, and a covered outdoor kitchen with two stainless steel electric barbecues: the outdoor kitchen offers a large preparation bench, fridge, and microwave. An all-weather dining area, undercover car parking, and a full tour desk further enhance the appeal of this property.
The office operates from Monday to Friday, 9am - 5pm, and Saturday 9am to 12pm.
The property benefits from experienced staff who will assist with the transition, ensuring a smooth changeover. The agreements have a long tenure, providing stability and peace of mind for the new owner.
Amaroo at Trinity Beach boasts proven profitability with a history of successful operations and the potential for increased occupancy and tariffs to drive revenue.
The manager's apartment is a newly renovated, spacious ground floor apartment offering both ocean and mountain views. The manager enjoys a large exclusive use reception, office, back office and storeroom.
Do not delay: This exceptional property will not stay on the market for long.
More Information
- Total Purchase Price: $1,876,034
- Net Income: $ 324,076
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 580,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.0
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?