Management Rights - POINT LOOKOUT, QLD

POINT LOOKOUT, QLD

$1,712,066

Property Description

Exciting ! Expanding ! Exclusive !

"A rare gem in a unique and evolving South East Queensland seaside location."

Just think,only 30 km east of Brisbane CBD and the Pacific Ocean is at your feet.
Work,and live comfortably on the most breathtaking, yet accessible Stradbroke Island. Planning is now in place for Stradbroke Island to become, a cultural, and tourist hot-spot. The Queensland Governments' vision for the future of Stradbroke Island is writ large. Funding infra-structure in excess of $20m is allocated for the promotion of this iconic culturally significant traditional land of the Quandamooka people. The Island's tourism sector is about to explode.

“Straddie” as North Stradbroke Island is affectionately known to the locals – Minjeribah to the traditional owners, the Quandamooka people - is the Eastern most sand island in Australia. North Stradbroke Island is only 1 1/2 hours from Brisbane airport, and only a 45 min relaxing Car ferry ride from Brisbane.

The resort currently enjoys rating of 8.7 from 10 with Booking.com, 4.7 from 5 with Expedia, and 5 from 5 with Tripadvisor. As indicated by these external agencies and guests alike.
Statistics recently show a massive increase in tourism since 2014 and constantly growing in popularity. World Destination Holiday Magazines show “Straddie” as one of the top places to visit in Queensland.

Crystal clear waters, pure white beaches stretching for kilometres. Wild life abounds, with kangaroos, Koalas, native birds, abundant marine life, not to mention the World’s best land based viewing of the annual migration of the Humpback Whales increasing tourism significantly every year. A sanctuary being discovered more and more by international visitors and locals alike. People often comment that it feels like discovering a Noosa or Byron Bay for the first time.

Whale Watch Resort is perfectly positioned to capture all of this and more. Perched high above Main Beach with nothing else between us and 47 kilometres of unspoilt ocean beach stretching all the way to Jumpinpin Bar, with the Gold Coast and Hinterland visible in the distance. Our Premium Ocean View Apartments afford this spectacular view.

The current Managers and Body Corporate Committee have overseen refurbishments to most of the apartments, and the complex generally over the past 4 years. This includes newly paved walk ways, freshly planted native gardens, upgraded lifts and brand new powder coated aluminium roofing throughout, which will see the complex through well into the future.

The management of the holiday letting pool is well systemised and supported by an experienced and dedicated housekeeping team, making this business a lifestyle choice as well as the opportunity to take letting to the next level and increase profitability. The current Managers have developed an efficient after-hours check-in system which affords them a break each week from Saturday afternoon until Monday morning, and public holidays, which allows them the freedom to enjoy the beautiful island lifestyle Stradbroke has to offer.

They also have an after-hours answering service – Nitel – who screen all calls outside of office hours, and have a knowledge of the complex, and only contact the managers if there is a genuine need for them to attend to anything that needs a management decision.

Straddie offers a genuine sea change alternative to busy city life. Stradbroke Island has a wonderful supportive community of business people and locals alike. There are no traffic lights and you can literally take a stroll on the beach or throw in a line every day after work.

Functional business considerations are as follows: the office/reception; conference room; linen/storage room, are all on title, and, are all included in the apartment price.
The Profit and Loss Report is prepared by a Professional Management Rights Accountant and available upon RAAS receiving a signed Confidentiality Agreement from a potential Buyer.

The current managers choose to rent an ocean-front apartment in the complex, and rent their apartment (26) to guests. The rental income from the manager’s apartment almost offsets the rent paid to the owner of the ocean-front apartment this is a lifestyle choice by the current managers.

Managers Apartment $559,000
Management Rights Business $1,153,066
Total List Price $1,712,066 with a net profit of $256,237 as verified by industry accountants.
The office / reception, conference room, linen / storage room, are all on title and are all included in the unit price above.

For your chance to change your lifestyle contact Mike Mallory for further information on this outstanding opportunity on 0409 494 098 or email mikem@raas.com.au
Financial Overview

Body Corp Salary:
$92,569
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
CPI
Net Profit:
$256,237
Manager's Unit Price:
$559,000
Management Rights Price:
$1,153,066
Letting Business

Est. Year Built: 2000
Total Units In Complex: 40


Inside Letting Pool

Permanent: 2
Holiday: 27
Corporate: 0
Total: 29

Outside Letting Pool

Lock Up: 5
Outside Agents: 2
Self Managed: 0
Owner Occpd: 4
Total: 11

Number & Type In Letting Pool
Number Type Features
Tariffs

Booking Type Details
Permanent
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bed
Office Reception: On Title
Office Software: Hirum
Office Hours: There are office hours but you need to do the hours to run the business
Storage: Yes
Office Computer:
Module: Accommodation
Agreement Term: 25
Years To Run: 25
Manager's Unit Description: Air Con, En suite, Walk in robe,second bathroom tiles and carpet in bedrooms. Plenty storage.

Facilities

Pool: YES
Spa: YES
Gym: Yes
Tennis Court: NO
Sauna: NO
Foxtel: YES
Cable Installed: YES
Pets Allowed: NO
Barbeque Area: YES

Other Facilities:

Property Agent

Mike Mallory

Mike Mallory

Phone: 0409 494 098
Office: 1300 282 370

Email Listing Agent