Management Rights opportunity, boasting the best position in Airlie Beach | Resort Brokers ID : MR007322
$2,413,708
Resort / Holiday Management Rights, Airlie Beach QLD
This resort-style property consists of 16 (19 keys) luxurious, fully self-contained one, two and three-bedroom apartments and a four-bedroom penthouse, all in the letting pool. The facilities include a heated, wet edge swimming pool, a barbecue area surrounded by tropical landscaped gardens and Wi-Fi for guests to enjoy.
With the Whitsundays being a long-established and thriving holiday region, the business is well-placed to benefit from the growth of the tourism enterprise. With no set office hours, a healthy net profit of over $403k and long-term agreements, this is the perfect opportunity for a motivated hands-on operator to capitalise on this already profitable property and take it to the next level for further growth.
- Growing Net profit
- No set office hours
- Secure undercover parking
- Easily operated by a two-person team
- 4.5 star rating
- Located a short stroll to the township of Airlie Beach
- 16 (with 19 keys) in the letting pool
- Heated wet edge pool, undercover barbecue area and free Wi-Fi
- Modern two-bed, two-bath manager’s residence with office attached
- Property inspections are by appointment only
Date updated: 28 Apr 2024 23:00:02
More Information
- Total Purchase Price: $2,413,708
- Net Income: $ 389,404
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 720,000
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?