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BLACKS BEACH, QLD
Huge $277K Profit with Beachside Lifestyle
Blacks Beach, QLD, 4740
Services · Management Rights
$780k MR & $700k Unit = Total $1.480M
Strong Income Today. Genuine Development Upside Tomorrow. TOTAL: $1.48M - BUSINESS: $780,000 - MANAGERS UNIT: $700,000 NET PROFIT: Business $277,618 + Managers Unit Rent $35,360 = Total $312,978 RETURN ON INVESTMENT: 19% on Business and 21% on Total Income 21 Years Remaining on Accommodation Module Agreements Blue Pacific Resort presents a rare opportunity to secure a well-established management rights business in a tightly held Mackay coastal location, with the added flexibility of no requirement for the manager to reside onsite.The business comprises a 39-unit complex with 14 short-stay apartments and 12 permanent rentals in the letting pool, supported by a further 9 owner-occupied apartments and 4 managed externally.The verified net profit is $277,618, with $161,782 in Body Corporate remuneration, providing a strong underlying income for the incoming operator.The refurbished three-bedroom Managers Residence is currently rented at $680 per week, providing an immediate additional income stream. With no requirement to reside onsite, buyers can live elsewhere or retain the residence as an investment.Genuine Development UpsideFor the development-minded buyer, the former restaurant, bar and conference areas provide genuine scope to further develop the property and increase revenue.Subject to Council approval and feasibility, the existing space could be considered for recommissioning as a food and beverage operation or potentially converted into additional accommodation, increasing the letting pool and creating another income stream.This is a significant point of difference for a buyer looking beyond the existing management rights income and considering the longer-term potential of the asset.The business also benefits from top-up amendments extending the agreements through to 2047.A genuine opportunity for an operator, investor or portfolio buyer seeking strong income, flexibility and longer-term upside in Mackay.KEY FACTS: BC SALARY: Approx. $161,782 14 holiday units currently in the letting pool 12 units currently in the permanent letting pool 4 additional units currently managed externally genuine growth opportunity No requirement to reside onsite No set reception hoursContact Joel McCartin at Ras360 Property Solutions for further information.** Ras360 Property Solutions Specialists in Management Rights | Motels | Hotels | Pubs | Parks **
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