Property

Description

* Net Profit $196,187 FY24
* Great location close to all amenities in tropical surrounds
* High quality complex with excellent presentation
* 29 fully furnished studio, one, two and family apartments - great mix to suit wide range of guests
* 17 units included in the current letting pool
* Easily operated by husband and wife team being long term owner operators
* Strong repeat business with high volume of regular clients
* Consistent trading over many years
* Priced to sell by motivated seller at offers above $990,000 - a huge amount of value at this price
* Great lifestyle available whilst operating a profitable and well established business

Manager's Unit
* 2 x two bedroom managers apartment, making 4 bedrooms
* Alternatively only use 1 x two bedroom unit and rent out the other 2 bedroom unit to increase profits substantially
* Real estate component included, valued at $525,000
* Includes reception/office on title

Letting Rights
* 25 year agreement term (from 2025)
* Consistently 17 units in the letting pool

Property Facilities
* Saltwater swimming pool & bbq area
* Secure undercover carparking
* Tennis court

Queensland Tourism & Hospitality Brokers (QTHB) has compiled this information from sources we believe to be reliable, however QTHB does not give any warranty as to the accuracy, error or omission of information, if any. Interested parties should rely on their own enquiries