Work lifestyle balance with potential plus.
This impressive, partly new boutique-style complex is comprised of a total of 15 luxury apartments, made up of 15 dual key two-bedroom apartments, which can be rented as 1 bedroom motel style, 1 bedroom self-contained, or 2-bedroom self-contained apartments. Built in 2005 to a very high 4-star standard, it has since been constantly maintained under a professional on-site manager who is also the owner and developer.
The property is a modern example of traditional architecture and holds considerable charm for first-time visitors to Tropical Far North Queensland. It has become a highly favoured property enjoying a large following of enthusiastic repeat guests. There are three buildings with two levels to the complex, which houses the manager’s apartment with the reception office on the ground floor attached as part of the manager’s holdings on the title. Some ground floor rooms open onto the spacious relaxation area surrounded by tropical gardens concealing a delightful resort-style pool, including BBQ facilities and a separate spa bath, with the remaining apartments also having access to the area.
Set one street back from Mission Beach some have views across to the Coral Sea, and all apartments have undercover car parking. The owner/operator has established the current net profit with only 9 apartments in the pool over the last 3 years. The third building was recently completed and adds 5 new apartments to the property, providing new managers with the opportunity to increase the revenue in the future. Opportunities for supplemental income are also available via tour bookings on-site.