Multi Award Winning Airlie Beach Holiday Resort
$2,395,000
Resort / Holiday management rights, Airlie Beach QLD
The opportunity to purchase the management and letting rights to this multi award winning Airlie Beach holiday resort will not come often. Our vendors have enjoyed this business and the location for well over a decade now and reluctantly consider a well-earned retirement. We expect the new business owners will want to stay just as long.
The resort offers 16 quality apartments comprising studio, one, two and three bedroom (three are dual keyed) together with a 4 bedroom penthouse apartment. This configuration has proven to be highly flexible for all guest needs and enhances the trading performance of the business. Although the property is compact, the design affords every guest and the managers privacy and easy access. All apartments offer Marina and Coral Sea views.
Rated 4.5 star, the complex is located in the town centre of Airlie Beach, opposite the Port of Airlie Marina which offers all cruising and sightseeing attractions around the Whitsundays.
Portside remains among the best on offer in Airlie Beach.
More Information
- Total Purchase Price: $2,395,000
- 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: 4.3
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?