Blue C Coolangatta is an established management rights business is positioned in one of Queensland's most resilient short-term accommodation markets, delivering a substantial net operating profit of $607,650 with $224,645 in body corporate remuneration providing financial stability in the current inflationary economic environment.
With 75% occupancy and only four units managed externally, this operation offers immediate returns alongside clear potential for letting pool growth. Current management partners have indicated willingness to remain under new ownership, providing transition support and operational continuity to ensure seamless transition.
The business includes a three-bedroom, two-bathroom manager's unit valued at $1,250,000 plus a separate titled office valued at $170,000, with total real estate holdings of $1,420,000.
This acquisition would suit an experienced operator, sized for a two-person team with minimal additional staffing requirements, making it an efficient and manageable business for a corporate group or owner-operator - looking for a top-tier property.
Interested? Why not give Todd Warner a call on 0438 170 763 or todd@resortbrokers.com.au