Airlie Beach, Queensland

Easily Run Management Rights

$599,000

Business Description

EXCLUSIVE AGENCY - TOP LOCATION

Airlie Apartments is situated within an easy five minute stroll of Airlie central offering guests the ideal affordable holiday close to the action without reliance on having the car. The business is long-established and accordingly has built up a reputation that underpins repeat business clientele.

The property presents spectacular views and has the facilities guests expect on holiday.

The business has consistently provided an excellent return for managers and has been successfully managed by just the one manager for many years.

There are options available for the manager’s residence. A two bedroom apartment on-site is available if required or alternatively live off-site in nearby accommodation to suit.

This business should appeal to those seeking a reliable income in a location that cannot be beaten. The lifestyle will suit the single or the couple looking to share the load or who have other commitments to pursue.

Inspection is highly recommended. There won't be many businesses in this region that offer such opportunity.

Business Summary

Business Snapshot

Price: $599,000 Net Profit: $217,828 Remuneration / Body Corp Salary: $30,190

Managers Unit

Value of Managers Apartment: $500,000Office: Exclusive Use

Apartment options available on-site for the manager if required or live nearby

Complex Information

Complex Type: HolidayTotal Units in Complex: 16Total Units in Letting Pool: 14Owner Occupy Units: 1Outside Agent Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: Yes

Marketing Agent

Geoff Ellis

0432 79....

North Queensland Management Rights

Key Investment Insights

1. Prime location within walking distance to Airlie central
2. Established reputation with high rate of repeat business
3. Spectacular views and expected holiday facilities
4. Consistent and reliable income for managers
5. Options available for manager's residence
6. Suitable for single or couple looking to share the load or pursue other commitments
7. Highly recommended for inspection
8. Limited competition in the region
9. Affordable price for a business in such a desirable location
10. Exclusive agency agreement in place
11. High net profit and remuneration/body corp salary
12. On-site apartment options available for manager's residence
13. Majority of units in letting pool, providing stable income
14. Long-term agreement with 19 years remaining
15. Pool available for guests' use.

Management Rights Multiplier: 0.45
ROI Estimate: 220.03%