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Premium Whitsunday MRâ Lifestyle, Location, Income
MR $1.5M&Unit $650k = Total $2.150M
Resort / Holiday Management Rights, AIRLIE BEACH QLD
Azure Sea Whitsunday Resort-Style Holiday Management Rights, Whitsundays
Overview
Secure a high-performance holiday management rights business in the heart of the Whitsundays. Azure Sea combines breath taking Coral Sea views, resort-style facilities, and a proven letting business all wrapped up in a low-maintenance, modern complex within easy walking distance of Airlie Beach town centre.
Financial & Operational Highlights
- Net profit: $441,996 ex GST (to Dec 2024)
- Body Corporate (caretaking) salary: $120,047 pa ex GST stable and consistent for peace of mind
- Letting pool: 16 holiday units with established OTA distribution and demonstrated occupancy; strong potential to grow letting revenue with yield management
- 8 Units currently managed externally provide room for further income growth by bringing them under house management
- Managers unit: Fully-furnished 3-bed apartment with panoramic Coral Sea views and dedicated office/work space for operations
- Low-maintenance package: Modern complex, lift access, purpose-built manager work areas reducing operational burden and support overhead
Resort Facilities & Lifestyle Appeal
* 20m infinity edge pool overlooking Coral Sea, lap pool with spa, gym, landscaped BBQ / entertaining zones premium appeal for holiday market
* Short walk to Airlie Beach town centre: cafes, boutiques, restaurants and marina ideal for couples/operators seeking lifestyle + business
* On-site manager facilities and streamlined systems make day-to-day operations efficient enabling work-life balance
Why Azure Sea is a Smart Buy
+ Turnkey, proven operation established income streams + immaculate resort-style asset + supportive letting infrastructure
+ Lifestyle + Income live on site, enjoy magnificent sea views and holiday-resort quality living, while running a holiday-letting business that delivers real returns
+ Upside potential with domestic tourism continuing to rebound strongly in the Whitsundays and demand for quality short-stay accommodation high, theres scope to increase nightly rates and occupancy yields
+ Strong asset + business mix combining a high-yield business with an on-title managers unit means youre buying both lifestyle and a business in one package
+ The region delivered, 969,000 visitors in the year to June 2024 approximately 14% higher than pre-COVID supported by record visitor spend of, A$1.6 billion, with both visitation and expenditure continuing to trend upward.
Multiple Buying Options
This opportunity may be acquired as either Business Only or as a Business plus Managers Unit package. There is no requirement for the incoming manager to reside onsite; however, the current managers choose to live within the complex, enjoying the lifestyle and liveability benefits of on-site ownership combined with the convenience of operating the business without a daily commute.
Contact & Next Steps
Contact Joel or Syd at Ras360 for and Information Memorandum and to discuss this great opportunity
** Ras360 Property Solutions Specialists in Management Rights | Motels | Hotels | Pubs | Parks **
More Information
- Total Purchase Price: MR $1.5M&Unit $650k = Total $2.150M
- Net Income: $ 441,996
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?