Property

Mackay - Absolute Beachfront Resort Complex

Management Rights $1,595,000
New Listing

Description

* Absolute beachfront position
* Great lifestyle for the owner
* Tropical palm tree lined driveway
* Direct beach access and ocean views
* Live and work in paradise
* Former restaurant and conference room on title that can be turned into more lettable units
* Huge upside potential

Financials
* Net Income $254,222
* Remuneration $139,500 + GST per annum

Manager's Unit
* 3 bedroom managers unit
* Real estate component valued at $700,000 (includes separate self contained lettable unit)

Letting Rights
* 25 year agreement term
* 21 years remaining
* 32 self contained units in the letting pool

Property Facilities
* Direct beach access
* Saltwater swimming pools
* Spa
* Tennis court
* Undercover parking
* Reception/office on title

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.

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