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High End Resort situated in popular tourist destination Airlie Beach | Resort Brokers ID : MR008486
$1,100,000
Resort / Holiday Management Rights, Jubilee Pocket QLD
Primely positioned in the popular coastal town of Airlie Beach, this is a prime opportunity for the astute investor.
Mango House Resort features 22 well-appointed apartments, including 12 one-bedroom twin-key apartments and 10 one-bedroom apartments, for a total of 34 lettable rooms. The resort offers downstairs and upstairs apartments, alternating between poolside views and serene treetop vistas. All upstairs apartments are twin-key, each meticulously maintained, reflecting the resorts commitment to quality and guest satisfaction.
The business is further complemented by a comfortable two-bedroom managers residence with a fully equipped kitchen and direct access to the office on the title.
With its desirable location in Airlie Beach and a combination of amenities, this sale presents a compelling option for potential buyers looking to enter the property market or expand their real estate portfolio.
- Located in popular tourist destination of Airlie Beach
- Net $240,096 30 June 2024 Financial Year and which includes Body CorporateSalary of $70,780 (ex GST)
- Experienced staff to assist with this transition
- Resort pool, BBQ and tropical garden surrounds
- 21 guest apartments in the letting pool
- Business very easy to run by two-person management team
- Well-appointed owner's residence
- Long agreements through to 29 June 2044
- Inspections are by appointment only
Date updated: 15 Dec 2024 22:00:04
More Information
- Total Purchase Price: $1,100,000
- Net Income: $ 240,096
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 350,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?