Airlie Beach, Queensland

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

$1,835,000

Business Description

Delightful 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 plus penthouse, elegantly appointed apartments and a penthouse, for the guests with unsurpassed water views of the Whitsundays.
Good agreements and salary.
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 plus an ensuited studio apartment behind the office.
The fifty seat restaurant on site is owned and operated by others.
There is the option to just purchase the business and rent the office and attached studio apartment.
Option 1: This gives a sale price of $1,150,000.
Option 2: The price including the real estate is $1,835,000.
Confidentiality conditions apply.
Call Calvin today for further information & inspection arrangements.

Business Summary

Business Snapshot

Price: $1,835,000 Net Profit: $309,703 Remuneration / Body Corp Salary: $106,767Body 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: 19Owner Occupy Units: 7Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 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 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%

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