Airlie Beach, Queensland

Most Attractive Management Rights Offering In The Whitsundays. Enquire Now

$1,920,000

Business Description

Azure Sea Whitsunday Resort occupies a premium position in Airlie Beach where the township is within easy walking distance and every apartment is afforded outstanding views across the Whitsunday passage to the Coral Sea.

Our vendors purchased this business to fulfil a long-term dream however now faced with unforeseen circumstances, are forced with reluctance to sell. Accordingly, the opportunity is here for new owners to capitalise with the vendors ready to consider all genuine offers. To attract interest, they have agreed on an unbeatable asking price. The rest is up to you.

Built around 2006 the accommodation is to a very high standard offering guests spacious apartment living, expansive balconies and fitted with every convenience guests expect. The facilities on-site are better than expected – a 20m infinity pool, a 15m lap pool with spa, fully equipped air-conditioned gymnasium and bbq facilities.

The business has consistently performed well for a resort of this size and is well-managed by a two-person management team. The profit for the 2023 calendar year is impressive taking into account the vendors were still coming to grips with the resort, the location and the industry but their efforts demonstrate this resort will provide excellent returns for new managers.

Of special interest, there is no requirement for managers to purchase real estate at the resort. Consequently, there are two options available for the new managers –

Purchase a three bedroom apartment within the complex.
Lease a two bedroom apartment within the complex on terms to be negotiated.

The complex comprises 30 lots overall which provides a letting pool of 16 lots and a very manageable business. However there remains the potential to enlarge the letting pool over time. There are plenty of years remaining on the body corporate agreements and this can be topped up as required. The BC and owners have been supportive of managers all along.

Airlie Beach is an excellent community with a supportive group within the overall tourism industry all looking to promote and grow the region. There are excellent schooling facilities through primary and secondary levels and the region provides every amenity.

The Whitsundays is your playground.

Enquire for more information about this great opportunity.

Business Summary

Business Snapshot

Price: $1,920,000 Net Profit: $368,000 Remuneration / Body Corp Salary: $110,000

Managers Unit

Value of Managers Apartment: $620,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive Use

Two options are available to the incoming manager: Rent a 2 bedroom, 2 bathroom apartment or Purchase a 3 bedroom, 2 bathroom apartment. Both options are fully furnished with high quality décor and fittings and come with one carpark. There is no requirement to own real estate

Complex Information

Complex Type: HolidayTotal Units in Complex: 30Total Units in Letting Pool: 16Owner Occupy Units: 7Outside Agent Units: 3Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesGym: YesBBQ Area: Yes

Marketing Agent

Geoff Ellis

0432 79....

North Queensland Management Rights

Key Investment Insights

Key Insights:

1. Premium location in Airlie Beach with easy walking distance to township and stunning views of the Whitsunday passage and Coral Sea.

2. Well-established and successful business with consistently strong performance.

3. Unbeatable asking price and motivated vendors willing to consider all genuine offers.

4. High standard of accommodation with spacious apartments, expansive balconies, and all necessary amenities.

5. Impressive profit for 2023 calendar year, demonstrating potential for excellent returns for new managers.

6. No requirement for managers to purchase real estate at the resort, providing flexibility for new managers.

7. Two options available for new managers - purchase a three bedroom apartment or lease a two bedroom apartment within the complex.

8. Manageable business with 16 lots in the letting pool and potential for growth.

9. Supportive community in Airlie Beach and strong tourism industry in the region.

10. Two options available for the incoming manager - rent a 2 bedroom, 2 bathroom apartment or purchase a 3 bedroom, 2 bathroom apartment, both fully furnished with high quality decor and fittings.

11. Holiday complex with 30 units in total, including 16 in the letting pool, 7 owner-occupied units, and 3 lockup units.

12. Long-term agreement module with 21 years remaining, providing stability for new managers.

13. On-site facilities include a 20m infinity pool, 15m lap pool with spa, fully equipped gymnasium, and BBQ area.

14. The Whitsundays is a popular tourist destination with plenty of opportunities for leisure and recreation.

Management Rights Multiplier: 3.53
ROI Estimate: 28.31%