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(no Street Name Provided)
Rainbow Beach QLD 4581

 

$2,900,000

   
1 of 12 photos

Business For Sale - Resort In Paradise Seeks New Owner - ID 8754 H

Massive Potential To Grow The Bottom Line
Management Rights For Sale + Restaurant
Rainbow Beach Queensland

- 5 star facility with ocean views
- 31 out of 36 in the letting pool
- Occupancy growing and still huge potential to improve further
- Heated pool onsite for year round guest enjoyment
- Healthy Body Corporate salary
- Three bedroom manager's residence with large outdoor courtyard
- Office on exclusive use at front of complex
- Located in the centre of town, walk to everything

Also being offered as part of the sale is;

A licensed restaurant/cafe/bar with 20 year lease
Fit out is brand new cost over $700K in 2016
Can cater for weddings, functions, meetings and parties as well as care/restaurant trade
Also caters for functions at the resort
This licensed operation is only 5 months old and figures are climbing fast
Only selling due to family and health issues. So don't miss this once in a lifetime opportunity to live and work in a truly fantastic beachside location and make a worthwhile capital gain.

Net Profit: $334,644 + Restaurant (expect turnover of $1.3m)
Total Asking Price: $2,900,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Rainbow Beach management rights and restaurant business contact the listing broker:

Tony Johnson
Property Type: Hotel
Block Size: 1 m2 (approx)

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Past Sales & Property Information

Vital Statistics

Block Size: 1 m2 (approx)
Stamp Duty: $147,275

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Rainbow Beach Profile

The average age in Rainbow Beach is 50 years and it has a population of 1,103.

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