The Whitsunday Islands of North Queensland provide some of the most stunning vistas on earth.
Vivid blue seas, white beaches, waving palm trees and luxury amenities make the Whitsundays one of the great holiday destinations on the planet.
Imagine living there, waking up in paradise every day and earning almost a quarter of a million dollars a year.
The Coral Cove apartments are situated on the very edge of the sparkling Coral Sea, offering awe-inspiring views of the magnificent turquoise waters from every beautifully appointed apartment.
Andrew Morgan, from Queensland Tourism & Hospitality Brokers, says the absolute beachfront location combined with oversized luxury units and seemingly endless blue seas makes it the perfect accommodation business.
“Coral Cove is in such an impressive position,” Mr Morgan said. “You can’t get much closer to the water than this property and it has been a really solid business with great returns for many years.”
The apartments provide glorious vistas from private balconies with outdoor settings. Inside the lovely apartments there are quality furnishings throughout. The full kitchen and laundry facilities are stocked with quality European appliances and many extras.
And in the air conditioned comfort there are surround sound home theatre systems.
The 74 Whitsunday Islands lie between the north-east coast of Queensland, and the Great Barrier Reef, the 2000-plus kilometre stretch of coral teeming with marine life. Most of the islands are uninhabited and full of dense rainforest, hiking trails and pristine white-sand beaches.
Accommodation properties are at a premium, and none have a better position than Coral Cove.
Mr Morgan is marketing the Management Rights for the property at $1,595,000. The net income for the last financial year was a whopping $239,635.
“It’s an absolute beachfront location,” Mr Morgan said, “and you can step straight onto the sand from the resort.
“There are 37 fully furnished one, two and three-bedroom apartments and they are currently operated under management.”
He said the direct beach access and ocean views meant that a new manager had the opportunity to live and work in paradise while earning a very large income.
“It’s a truly exceptional property and location,” Mr Morgan said, “with strong repeat business and a high volume of regular clients.”
The manager's unit is a two-bedroom apartment valued at $700,000. It has a balcony and ocean views, a private ground floor courtyard with lawn and garden that is ideal for pets, and a reception/office on title.
There is also a 25-year agreement term from 2022.
Mr Morgan said the property consistently maintained 22 self-contained units in the letting pool.
The property also has a saltwater swimming pool and spa, an undercover secure basement car park, two lifts and an onsite restaurant that is owned by a third party and has been operated by them for many years.
The Whitsundays were named by Lieutenant James Cook during his voyage along the east coast of New Holland aboard the Endeavour on Sunday, June 3, 1770. It was the day Whitsun—Pentecost was celebrated on the Christian calendar.
Cook mapped a broad expanse of islands which provided an unimpeded passage to the north in waters that otherwise proved treacherous because of all the coral. Cook named the waterway “Whitsundays' Passage".
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