28 Island Drive, Airlie Beach, Queensland

CARETAKER AGREEMENT - WHITSUNDAY MEWS - CANNONVALE AIRLIE BEACH

Offers to Purchase in excess of $350,000

Business Description

*First time offered in 20 years
*Very rare and extremely affordable opportunity to acquire a very well established and profitable business without any further capital expense
*Easily run by management couple or sole operator
*Caretaker duties only in a well established 52 home residential complex
*Current income $81,756 (ex GST) per annum increasing by CPI annually or 3% per annum whichever is greater so considerable income to be earned over next 5+ years
*In addition to Caretaking income agreement allows for monthly expenses of up to $3,720 per annum for motor vehicle and similar expenses
*Caretaker agreement remains current until 30 September 2029 and potentially a purchaser may be able to negotiate a new agreement beyond that date with the Body Corporate
For Sale by Private Treaty at Offers to Purchase in excess of $350,000 which includes a freehold well appointed two bedroom Managers Unit

Business Summary

Managers Unit

Complex Information

Marketing Agent
Peter Ward
Peter Ward

Key Investment Insights

1. This is a rare and affordable opportunity to acquire a well-established and profitable business without any further capital expense.
2. The business has been in operation for 20 years and is being offered for sale for the first time.
3. The business is easily run by a management couple or a sole operator.
4. The caretaker duties are limited to a well-established 52 home residential complex.
5. The current income is $81,756 per annum, increasing annually by CPI or 3% per annum, whichever is greater.
6. The caretaker agreement allows for monthly expenses of up to $3,720 for motor vehicle and similar expenses.
7. The caretaker agreement is valid until 30 September 2029 and there is potential for a new agreement to be negotiated with the Body Corporate beyond that date.
8. The sale includes a freehold, well-appointed two bedroom Managers Unit.
9. The complex is well-maintained and has a good reputation.
10. The business has a stable and reliable income stream.
Listing location

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