OCEAN VIEWS - AIRLIE BEACH HOLIDAY COMPLEX - ID 9009

$780,000

Resort / Holiday management rights, Airlie Beach QLD

North Queensland Management Rights For Sale
Improved Profit Figures - Airlie Beach

- Holiday management rights
- Located in the popular tourist town of Airlie Beach
- Overlooking the Port of Airlie marine precinct and Coral Sea to the North
- 6 dual keyed apartments in the letting pool plus 3 offsite lots
- Broad variety of different letting combinations with ocean views from all floors
- Strong domestic tourist demand
- Easily run property with gardening, cleaning and reception support
- Excellent ratings from short term booking engines
- Recently refurbished 3 bedroom manager's residence with 3 bedrooms & 2 bathrooms
- No requirement to live onsite

Well suited to either a mature couple looking for that 'Lifestyle" investment whilst wanting to stay active and at the same time generate a solid income or perhaps a younger family looking to supplement another income source.

Net Profit: $136,182
Asking Price: $780,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $780,000
Net Income: $ 107,203 (projected)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 420,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.4
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 6
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 16
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 24,185
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 16 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 25 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Swimming pool, Heated spa, BBQ facilities, Community tables and chairs, Wi-Fi, Secure entry

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 420,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Located on the 2nd floor, Recently refurbished with new kitchen, 3 bedrooms, 2 bathrooms, Ocean views, Air conditioning, Ceiling fans throughout, Double car accommodation