Unique Opportunity, Business Only Sale

$1,300,000

Resort / Holiday management rights, Airlie Beach QLD

Next level, nautical style holiday resort with sweeping views of the Whitsunday Islands.
High occupancies.
A stroll down the hill to the village and restaurants.
Fabulous 1, 2 & 3 bedroom elegantly appointed apartments..
Good 23+ year agreements with $110,000 exclusive GST salary.
An excellent opportunity for both lifestyle and business in this high growth, picturesque holiday area.
The vendors are motivated and the property is very well priced for sale.
This is a business only purchase option with the manager residing onsite in a 2 bedroom leased apartment.
The Body Corporate is very cooperative and supportive of the Manager.
Whitsundays growth continues with further new economic developments now approved by the local council.
The area accommodates over 4 million visitor nights per year.

More Information

Financial Overview

Total Purchase Price: $1,300,000
Net Income: $ 368,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 0
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.5
_{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: 14
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 11
_{Number of units resided in by their owners.}

Lock Ups: 3
_{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: 31
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 110,000
_{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: 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: No set hours
_{Required Office Hours}

Complex Features: Two resort pools - Infinity Edge pool 15m Lap pool, BBQ and entertaining area, Gym, Free WIFI, Secure parking, Lift to all levels, Tour desk.