Gemini Resort presents a rare opportunity to acquire a proven holiday management rights business in one of Caloundra’s most tightly held coastal locations.
Positioned opposite the calm waters of Pumicestone Passage, the business combines a strong verified net operating profit of approximately $435,674, a substantial Body Corporate salary of approximately $193,168 per annum, and approximately 18 years remaining from the original 20-year agreement term. There is also the opportunity to seek a two-year top-up, returning the agreements to the maximum 20 years, subject to Body Corporate approval.
The resort comprises 91 lots, with 30 holiday apartments in the letting pool. The current managers have built a loyal repeat guest base and continued to improve trading performance, supported by stronger occupancy, growing average nightly rates and quality presentation throughout the complex.
The real opportunity lies in the business’s current growth trajectory.
Since the last P&L for sale purposes was prepared, revenue over the most recent six-month period has increased by approximately 10%. With forward bookings continuing to strengthen, there are positive indications that this momentum may continue.
For an incoming operator, this creates the potential for an immediate uplift in income from settlement, before considering any further gains through improved pricing, occupancy or operational efficiencies.
In simple terms, the business is being sold on verified historical earnings while the buyer may benefit from a stronger current trading position and an immediate income uplift.
Gemini Resort is professionally operated and exceptionally well presented, with extensive guest facilities including resort-style swimming pools, spa, sauna, games room, BBQ areas, Wi-Fi and streaming services.
The business is offered together with a spacious two-bedroom, two-bathroom manager’s residence with one car space, delivering the ideal combination of strong income and an outstanding coastal lifestyle.
Investment Highlights
Net Operating Profit: Approximately $435,674
Body Corporate Salary: Approximately $193,168 per annum
Recent Revenue Growth: Approximately 10% over the latest six-month period
Letting Pool: 30 holiday apartments
Total Lots: 91
Agreement Term Remaining: Approximately 18 years
Top-Up Opportunity: Two-year top-up to return the agreements to 20 years, subject to Body Corporate approval
Management Rights Business: Offers over $1,990,000
Manager’s Residence: $1,100,000
Combined Price: Offers over $3,090,000
Gemini Resort will appeal to experienced operators, first-time management rights buyers or a partnership seeking a substantial income-producing business in an established Sunshine Coast holiday destination.
Strong income. Proven operation. Immediate upside. Exceptional coastal position.
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
