High End Resort situated in popular tourist destination Airlie Beach | Resort Brokers ID : MR007903
$1,250,000
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.
Well-presented, this high-end management rights offers a total of 24 apartments with 31 keys and 20 in the letting pool with 27 keys. Due to its premium fixtures, this resort is extremely popular and enjoys a high occupancy of 75%.
The business is further complemented by a comfortable two-bedroom managers residence with a fully equipped kitchen and direct access to the office which is 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
- Strong net profit
- Experienced staff to assist witih this transition
- Resort pool, BBQ and tropical garden surrounds
- Easily operated by a couple
- Well-appointed owner's residence
- Inspections are by appointmentonly
Date updated: 28 Apr 2024 23:00:04
More Information
- Total Purchase Price: $1,250,000
- Net Income: $ 251,881
(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?