Airlie Beach, Queensland

Easily Run Management Rights

SOLD

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: SOLD 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
Geoff Ellis

North Queensland Management Rights

North Queensland Management Rights

Key Investment Insights

1. Long-established management rights business with a built reputation, supporting repeat clientele and steady demand.
2. Prime location, approximately a five minute stroll to Airlie central, offering guests easy access without reliance on a car.
3. Consistently strong financial performance, reported net profit of $217,828.
4. Manager remuneration and body corporate salary of $30,190, indicating additional structured income for the manager.
5. Manager’s residence options include an on-site two bedroom apartment valued at $500,000, or the flexibility to live off-site.
6. Agreement structure favourable for continuity, 25 year original term with 19 years remaining, providing long-term operational security.
7. Complex scale and letting pool provide operational volume, 16 total units with 14 in the letting pool, one owner-occupied unit and one outside agent unit.
8. On-site facilities and amenities include spectacular views and a pool, matching guest expectations for holiday accommodation.
9. Exclusive use office for managers, simplifying on-site administration and guest service delivery.
10. Low operational complexity demonstrated by successful operation by a single manager for many years, suiting a single operator or couple seeking lifestyle balance.

Management Rights Multiplier: 0.45
ROI Estimate: 220.03%

Listing location

This Business is sold

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