Waterfront short-term business netting over $900k

Located on the Esplanade in the booming bayside suburb of Redcliffe, this immaculately presented short-term management rights business offers a unique blend of corporate and leisure clientele, with a strong net profit of over $911k and consistently high occupancy of over 80%.

Enjoying fantastic views over Moreton Bay and Redcliffe Peninsula, this stunning complex comprises 74 units, with 34 in the letting pool, including 33 dedicated to holiday or corporate letting. This diverse letting mix ensures a strong, consistent income stream.

The caretaking and letting agreements were recently topped up to the full 25-year term and there are no fixed office hours or requirement to live onsite, giving the incoming operator freedom in how they manage the complex.

The manager's unit features two bedrooms and a multipurpose room, with direct views over Moreton Bay. The office is situated on the ground level, is granted to the manager under occupational authority and includes two secure car parks, offering great separation.

Redcliffe is one of the fastest-growing regions in South East Queensland. This short-term management rights enables the incoming operator to tap into this incredible growth with a solid, secure business, so call Jeff to book an inspection today!