Mission Reef Resort, a well-established accommodation provider, has been catering to guests since 2005, offering a serene lifestyle just a stone's throw away from the beach. Situated in a peaceful residential area, the resort boasts a variety of amenities and features that make it an attractive investment opportunity.
Currently maintaining an impressive 82% occupancy rate, Mission Reef Resort caters to a diverse clientele, including government officials and tradespeople, ensuring a steady stream of bookings throughout the year. With bookings secured well into January 2025, the resort provides a stable and lucrative business opportunity.
The resort's key features include a strata title Manager's apartment, making it an alluring investment prospect. The property is designed for ease of management, with no set office hours, a long caretaking agreement with a supportive body corporate, and experienced housekeeping staff in place. Additionally, the resort is conveniently located just 2km from a Woolworths Supermarket and 7km from the Mission Beach township.
The accommodation complex comprises three buildings, each housing five 2-bedroom apartments that can be let separately or as dual key units, totaling 26 rooms available for guests. Of these, 13 apartments are part of the holiday letting pool, while two are owner-occupied, including the Manager's apartment.
The Manager's Apartment has recently undergone renovations, featuring two bedrooms, two bathrooms, new appliances, and air conditioning, providing a comfortable living space for the onsite management. The apartment also includes a private courtyard garden and a reception office attached, enhancing convenience for the managers.
The resort is equipped with essential amenities such as a pool, BBQ area, spa, and a large car park, all set amidst easily maintained tropical gardens. A reservation system is in place to streamline bookkeeping and accounting processes, ensuring efficient management of guest bookings.
For prospective owners, the resort offers a turnkey operation with all necessary equipment and supplies included, facilitating a smooth transition. Training and ongoing support are provided by the existing management team, ensuring a seamless handover for new owners.
With the potential for further growth through additional services such as room service, breakfast offerings, and happy hour platters, there are ample opportunities to enhance revenue streams. The resort is manageable by a single individual on a full-time basis or a couple part-time, with provisions for relief management during breaks.
In conclusion, Mission Reef Resort presents a lucrative investment opportunity in the hospitality industry, offering a blend of relaxation, convenience, and growth potential for prospective owners. With its attractive location, well-maintained facilities, and established clientele base, the resort stands as a promising venture for those looking to enter or expand in the accommodation sector.
