Hotel, commercial
Samarinda "Jewel by the Sea," offers spacious, comfortable, fully self contained holiday accommodation located only 90 minutes away from Brisbane CBD, on North Stradbroke Island, Australia.
Samarinda boasts spectacular views overlooking the magnificent white sands of Main Beach and is the perfect holiday destination for family and friends or a secluded place to take that someone special. Close to the Surf Club and patrolled beach swimming, you can go for leisurely walks, fish, or simply relax and soak up the atmosphere. Samarinda apartments are spacious and comfortable with 1, 2, & 3 bedroom fully self contained apartments, large verandas, FOXTEL and full laundry facilities. National Park walks are close by, with the famous North Gorge walk just moments away. The board walk offers superb viewing of whales and our spectacular coast line. Just up the hill only a few minutes walk you will find a selection of fine dining restaurants, shops and cafes.
The Managers unit is an two-bedroom apartment, with the office on the title. The open plan living areas include a new kitchen, tiled floors with separate lounge and dining areas, opening on to grassed areas over-looking the pool. The well-equipped office is located off the lounge area and can be closed off. A large storage area and covered car park is located directly below the unit
The market for North Stradbroke Island and its resorts has traditionally been the 200km-drive market of southeast Queensland, including the Brisbane metropolitan area. However, over the past three years a concerted effort has been made to tap into southern states of NSW and Victoria, as well as New Zealand targeting the winter holiday season with marked success . Repeat trade is a major part of Samarinda Jewel by the Sea business and the current owners support this avenue and bookings have consistently been above average for the island.
This is an ideal opportunity for someone looking for a change of lifestyle, with a solid income in a stunning location.
LOCATION: Point Lookout, North Stradbroke Island
TOTAL LOTS 18 Units
LOTS IN LETTING POOL: 15
BODY CORP SALARY: $30,000 plus GST.
NET INCOME $163,000 (June 2006)
TERM OF AGREEMENTS: 20 years as of June 2004.
BUSINESS: Holiday rentals
MANAGERS UNIT : $569,500
MANAGEMENT RIGHTS: $570,500
TOTAL PRICE: $1,140,000