A one-of-a-kind opportunity to acquire a portfolio of boutique holiday letting businesses spanning 50 apartments, with 43 units currently in the letting pool, ideally positioned in iconic Byron Bay.
The operation generates an annual net profit of $693,653 complemented by body corporate remuneration of $93,606 for straightforward caretaking responsibilities across low-maintenance properties with minimal facilities. All agreements have been extended to 10 years under the NSW Standard Module, delivering long-term operational security and stable recurring income.
The real estate component includes two manager’s units, with no requirement to reside onsite, currently producing approximately $85,000 per annum in rental income. The business model offers genuine lifestyle flexibility, with no fixed office hours.
Five external lettings present immediate upside potential of approximately $109,000 annually, alongside clear opportunities to further increase revenue through occupancy optimisation and the internalisation of additional services.
Renowned for its strong and consistent tourism demand, Byron Bay is widely regarded as one of Australia’s premier holiday destinations. Its enduring appeal and tightly held accommodation market continue to underpin the portfolio’s outstanding performance and long-term growth potential.
Interested? Why not give Todd Warner a call on 0438 170 763 or todd@resortbrokers.com.au
