Acquire a Premier Beachfront Resort - Modern Amenities and Return Customer Base. | Resort Brokers ID : MR008387

$1,790,000

Resort / Holiday Management Rights, Airlie Beach QLD

ResortBrokers presents the Shingley Beach Resort, a prime Management Rights opportunity in Airlie Beach.

With a waterfront location, 32 units, and 21 in the letting pool, this asset promises enhanced profitability. The resort features two pools, barbeque facilities, an onsite cafe, and a tour desk.

The manager's residence is spacious with direct access from reception. With high occupancy, forward bookings, and a supportive body corporate, this is a timely opportunity for a savvy purchaser.

- Spectacular waterfront location in a prime position.
- Cutting-edge booking system promising enhanced profitability.
- Guaranteed minimum 4% CPI increase for body corporate salary from February 2024.
- High occupancy rates, strong forward bookings and a positive market outlook with a loyal customer base.
- Benefit from a supportive body corporate.
- Convenient direct access from reception to manager’s residence.
- Function facility available to boost guest stays.
- Prime location with easy access to local restaurants, shops and attractions in Airlie Beach.
- Inspection by appointment only.
Date updated: 03 Nov 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $1,790,000
Net Income: $ 308,365 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.7
_{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: 21
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 3
_{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: 8
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 32
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 120,000
_{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: 15 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: Mon - Fri 8:30am - 5:30pm, Weekend and public holiday 9am - 1pm
_{Required Office Hours}

Complex Features: Upgraded reception, Wi-Fi, conference/function room, two large swimming pools, undercover parking, barbecue area, onsite cafe, tour desk and private dining/boardroom.

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 650,000
_{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: Two bedroom, one bathroom apartment, open plan space connects kitchen and dining area, split system air-conditioning, ample natural light with double lock up garage.