48 Coral Esplanade, Airlie Beach, Queensland

FREEHOLD WATERFRONT APARTMENT WITH NET PROFIT $123,195 LIFESTYLE IN AIRLIE BEACH FOR UNDER A $1M

$889,000

Business Description

• Highly desirable tourist precinct
• Thriving Accommodation Market
• Net Profit $123,195
Fabulous and very rare opportunity to acquire a very well established waterfront Management Rights Business in Airlie Beach. Whitsunday Waterfront Apartments offer a very comfortable and affordable stay in a choice of beachfront fully self contained apartments in a very popular and central part of Airlie Beach close to all facilities and its major retail and hospitality strip.

Management Rights businesses form a major part of Queensland's accommodation sector and are keenly sought by prospective purchasers particularly in highly desirable locations such as Airlie Beach. The Management Rights business agreements on offer are in the preferred Accommodation module with an attractive term of 23 years remaining available. In addition to business profits generated by the Managers an attractive Body Corporate salary (increased annually to CPI) now $42,012 (exclusive of GST) is payable by the Body Corporate. Net profit for the 30 June 2023 financial year was $123,195 for this well run and successful business.

There are 20 Apartments in the complex and which is easily run by a two person management team. The Managers freehold waterfront 2 bedroom Apartment is included in the sale plus there are 14 Apartments in the letting pool which comprise:

*Five 2 bedroom Gardenview Apartments
*Four 2 bedroom Ocean View Apartments
*One Studio Garden View Apartment
*One Studio Ocean View Apartment
*Three permanent residential Apartments
Potential exists for new management to increase the letting pool

An inground chlorinated pool and leisure area is ideally situated at the front of the complex overlooking the beach and ample 20 car spaces are available on site including basement and street level.

Airlie Beach is one of Australia's most highly regarded tourist precincts offering transfers from 2 highly regarded Marinas to the world famous Whitsunday Islands resort precinct. And there is strong demand for more affordable accommodation such as that offered by the waterfront Whitsunday Waterfront Apartments complex.

Act now and secure your slice of Airlie Beach's thriving accommodation market.

Business Summary

Managers Unit

Complex Information

Marketing Agent
Peter Ward
Peter Ward

Key Investment Insights

1. Highly desirable tourist precinct in Airlie Beach
2. Thriving accommodation market in the area
3. Net profit of $123,195 for the 30 June 2023 financial year
4. Rare opportunity to acquire a waterfront Management Rights Business
5. Well established and successful business with 23 years remaining on the management rights agreement
6. Attractive Body Corporate salary of $42,012 (exclusive of GST)
7. Freehold waterfront 2 bedroom apartment included in the sale
8. 14 apartments in the letting pool, including a mix of 2 bedroom and studio apartments
9. Potential for new management to increase the letting pool
10. Inground pool and leisure area overlooking the beach
11. Ample on-site parking with 20 car spaces available
12. Airlie Beach is a highly regarded tourist precinct with strong demand for affordable accommodation
13. Transfers available from 2 highly regarded marinas to the Whitsunday Islands resort precinct.
Listing location

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