682

Management Rights
For Sale

Motels / Hotels
For Sale

Caravan Parks
For Sale

889

Investment Property
For Sale

Perfectly positioned for limitless Whitsunday Island Views

$2,200,000

Resort / Holiday management rights, Airlie Beach QLD

Discover Sea Star Apartments, a remarkable holiday property boasting a prestigious 4.5-star recognition. Perched on the hillside in the heart of Airlie, it offers unobstructed, secure views of the Coral Sea and gateway to the 74 Whitsunday islands. While conveniently close to shops and restaurants, Sea Star maintains a tropical, serene and private ambience.
The property features a superb, infinity-edged swimming pool and spa, meticulously maintained.
This prime business demonstrates substantial growth and includes a spacious 3-bedroom, 2-bathroom manager's apartment featuring a balcony and a generous rooftop area with stunning ocean views, ensuring comfort, functionality and resort-style living. Additionally, a large reception area, office space and laundry room are included on the title, facilitating professional and efficient management.
Pets have been approved by the body corporate, adding to the property's appeal. With sound agreements, a salary adjusted to CPI, and low-maintenance property operations, Sea Star Apartments presents a compelling investment opportunity in a thriving location.
Sea Star Apartments presents an opportunity to embrace the burgeoning growth of the Mediterranean-like paradise that defines the Whitsundays.

Contact Calvin for full property information.

More Information

Financial Overview

Total Purchase Price: $2,200,000
Net Income: $ 326,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 900,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.0
_{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: 18
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 2
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 25
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 56,886
_{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: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Wet edge swimming pool, spa, BBQ area, WIFI, Secure garage parking, guest laundry, tour desk.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 900,000
_{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: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Spacious managers apartment with large balcony and large office reception on title. Also features a spacious rooftop BBQ area with spectacular ocean and island views. 2 carparks.