Key Investment Insights
1. The business is a holiday resort located in a high growth and popular holiday area with stunning views of the Whitsunday Islands.
2. The resort offers a range of elegantly appointed apartments, including 1, 2, and 3 bedroom units, as well as a penthouse, all with sweeping water views.
3. The resort has received multiple Trip Advisor Certificate of Excellence Awards, indicating a high level of customer satisfaction.
4. The sale includes the real estate, which consists of a 2 bedroom Manager's apartment, an office area, and an ensuited studio apartment.
5. The resort also has a 50-seat restaurant on site, which is owned and operated by others.
6. The business has good agreements and a stable salary, providing a solid income for the managers.
7. The sale offers two options: purchasing just the business for $1,150,000 or purchasing the business and real estate for $1,835,000.
8. The Managers apartment is spacious and well-appointed, with a value of $685,000.
9. The complex has a 4-star rating and a total of 26 units, with 19 units in the letting pool and 7 owner-occupied units.
10. The agreement module is Accommodation, with a term of 25 years and 25 years remaining.
11. The complex offers amenities such as a pool, BBQ area, WIFI, and function facilities for guests.
12. Confidentiality conditions apply to the sale, and interested parties should contact the listed agent for further information and inspection arrangements.
Management Rights Multiplier: 3.71
ROI Estimate: 26.93%
