The Pinnacles of Paradise Found! - Airlie Beach Qld
$3,580,000
Resort / Holiday management rights, Airlie Beach QLD
Airlie Beach is synonymous with the idyllic ocean side lifestyle - much like southern Italy, with ocean and island views! Its the gateway to adventure and equally the avenue for relaxation and just kicking back!
Airlie Guests are looking for the good life and Pinnacles Resort offers that to them hand over fist! There's a reason why ARAMA has chosen Pinnacles Resort as the Gold Star Winner for both 2020 and 2021! Every apartment has ocean and marina views. Set on toward the top of Golden Orchid Drive this position allows ocean views from the street, let alone stepping up into the complex, or just hanging on the infinity pool edge enjoying a drink!
Pinnacles Resort is Number One in Airlie! The current Owners have been running the business for 10 years and are now moving toward retirement.
The managers home and office are detached and both areas are on-title. The price is reflective of the size, design, style, views and one of the best managers workspaces seen!
The figures have been completed by one Mr Tony Rossiter, Partner at Holmans Accountants. Tony has provided the last three years of trading figures set out in the standard format for sale purposes in line with Industry Standards. The verified net is a very healthy $569,158.
Call Greg Jorgensen today to discuss and obtain access to the documents package.
NOTE: GREG WILL BE IN AIRLIE FROM WEDNESDAY 8 DECEMBER THROUGH TO WEDNESDAY 15 DECEMBER AND IS AVAILABLE FOR DETAILED SITE INSPECTIONS. Book in now via email or mobile - .
More Information
- Total Purchase Price: $3,580,000
- Net Income: $ 569,158
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.8
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?