Airlie Beach, Queensland

Fabulous is the only word to describe this and a 3.8 multiplier

$1,800,000

Business Description

Delightful 4 star Tuscany style holiday resort with sweeping views of the Whitsunday Islands. A stroll down the hill to the Airlie village and restaurants. Fabulous 1, 2 & 3 bedroom elegantly appointed apartments and penthouse, for the guests - with unsurpassed water views of the Whitsundays. Good agreements and salary $100,157 ex GST. An excellent opportunity for both lifestyle and business in this high growth and wonderful holiday area. Trip Advisor Certificate of Excellence Awards. Also on title and included in the Managers real estate is the 2 bedroom Managers apartment, the office area and an ensuited studio apartment apartment behind the office. The fifty seat restaurant on site is owned and operated by others. Confidentiality conditions apply.

Call Calvin today for further information & inspection arrangements.

Business Summary

Business Snapshot

Price: $1,800,000 Net Profit: $290,000 Remuneration / Body Corp Salary: $100,157Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $685,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title
Lot 3 Spacious 151m2 including office, large balcony and spa plus a studio -apartment behind the office.

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 26Total Units in Letting Pool: 18Owner Occupy Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 16 yearsPool: YesBBQ Area: YesWIFI: YesFunction Facilities: Yes
Marketing Agent
Calvin Bailey Management Rights

Calvin Bailey Management Rights

Key Investment Insights

1. The business is a 4-star holiday resort located in a high growth and popular holiday area.
2. The resort has stunning views of the Whitsunday Islands and is within walking distance to the Airlie village and restaurants.
3. The resort offers a range of elegantly appointed 1, 2, and 3 bedroom apartments and a penthouse, all with water views.
4. The business has good agreements and a salary of $100,157 ex GST.
5. The Managers apartment is included in the sale and features 2 bedrooms, 2 bathrooms, and an office area.
6. The resort has received Trip Advisor Certificate of Excellence Awards.
7. The on-site restaurant is owned and operated by others.
8. The sale price for the business is $1,800,000 with a net profit of $290,000.
9. The Managers apartment has a value of $685,000 and is included in the sale.
10. The complex has a total of 26 units, with 18 in the letting pool and 8 owner-occupied.
11. The agreement module is Accommodation with a term of 20 years, with 16 years remaining.
12. The complex features a pool, BBQ area, WIFI, and function facilities.

Management Rights Multiplier: 3.84
ROI Estimate: 26.01%

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