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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

Financial Overview

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.}

Letting Business

Letting Pool: 27
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 2
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 31
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 71,616
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 18 years
_{How long has the management rights existed.}

Office Hours: None
_{Required Office Hours}

Complex Features: Pinnacles Resort is THE RESORT in Airlie Beach. For two years running, theyve been the recipients of the prestigious ARAMA Gold Award!Features include the Views!! This is what every Airlie Beach Guest is wanting and Pinnacles Resort provides this in spades!

Real Estate Component

Manager's Unit: 2 3

Included Real Estate: $ 850,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 4

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: The Managers Dwelling is a two level detached home with a large double garage, extra parking for two further vehicles, a great man-cave, two bedrooms, two bathrooms, a powder room, two elevated covered patios with easterly views over the harbour and marina. It has it all! This is a very well appointed home and one where you can escape for that GT as often as you like!The office is a seperate building, is on-title and readily positioned toward Golden Orchid Drive.