Key Investment Insights
Key insights:
- Azure Sea Whitsunday Resort is a premium management rights offering in Airlie Beach, with a prime location and stunning views.
- The current owners are selling due to unforeseen circumstances and are open to considering all genuine offers.
- The business has consistently performed well and is well-managed by a two-person team.
- There is no requirement for managers to purchase real estate at the resort, providing flexibility for the new owners.
- The complex comprises 30 lots and a letting pool of 16 lots, with potential to expand the letting pool in the future.
- Airlie Beach is a supportive community with excellent schooling facilities and plenty of amenities.
- The Whitsundays offers a range of recreational activities for the new owners to enjoy.
- The business has a strong financial performance, with a net profit of $441,996 and a remuneration/body corp salary of $110,000.
- The managers unit is valued at $620,000 and comes with the option to rent a 2 bedroom apartment or purchase a 3 bedroom apartment.
- The complex is a holiday accommodation type with a 25 year agreement term remaining.
- The complex offers a range of facilities including pools, spa, gym, and BBQ area.
Management Rights Multiplier: 3.39
ROI Estimate: 29.47%