Airlie Beach, Queensland
Easily Run Management Rights
$637,000
Business Description
EXCLUSIVE AGENCY - TOP LOCATION WITH OPTION TO LIVE OFF-SITE
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: $637,000
Net Profit: $207,354 Remuneration / Body Corp Salary: $30,190
Managers Unit
Office: Exclusive UseApartment 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: 12Owner Occupy Units: 1Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: Yes
Key Investment Insights
1. The business has a long-established reputation and a high rate of repeat clientele.
2. The location of the property is highly desirable and within walking distance of Airlie central.
3. The property offers spectacular views and all the facilities expected for a holiday stay.
4. The business has consistently provided a strong return for the manager.
5. The business has been successfully managed by one manager for many years.
6. There are options available for the manager's residence, either on-site or off-site.
7. The business offers a reliable income and a desirable lifestyle for a single or couple.
8. Inspection is highly recommended as there are limited opportunities in the region.
9. The business has a high net profit and a generous remuneration/body corp salary.
10. The complex is a holiday type with a total of 16 units, 12 of which are in the letting pool.
11. The agreement module is accommodation with a remaining term of 15 years.
12. The complex has a pool for guests to enjoy.
