Airlie Beach, Queensland

Well Performing Holiday Letting Business

$1,100,000

Business Description

For sale is this terrific holiday letting management rights business that has consistently performed well for the vendors for well over a decade. During that time the business has attracted awards and continually expanded its market, now attracting an excellent mix of domestic and international guests from around the world and this mix has underpinned business profitability through even the toughest times including the GFC a few years back and more recently, through the COVID era. The complex has been built and laid out in the best tropical design with two level accommodation in a garden setting surrounding a resort pool. There is a mix of studio, one and two bedroom apartments that offer flexibility for accommodating most travelling groups and individuals and the design with louvered window and air-conditioning provides a very comfortable stay in well-appointed rooms. There are 24 lots in total within the complex with 30 keys and this provides for a business that can provide seriously good returns to a couple managing the business. The facilities meet the expectations of guests and provide for families especially well.

The managers apartment offers comfortable two bedroom living with privacy and has direct access to the office which is on title.

Regrettably with the unexpected passing of one of our management team, our vendor is now having to sell up and move closer to family down south to enjoy a well-earned retirement. Consequently, a very realistic and attractive asking price has been agreed. Inspection is a must.

Also on offer is a separate investment apartment within the resort.

Business Summary

Business Snapshot

Price: $1,100,000 Net Profit: $250,000 Remuneration / Body Corp Salary: $63,087

Managers Unit

Value of Managers Apartment: $350,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Complex: 22Total Units in Letting Pool: 18Owner Occupy Units: 1Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesBBQ Area: Yes
Marketing Agent
Geoff Ellis
Geoff Ellis

North Queensland Management Rights

North Queensland Management Rights

Key Investment Insights

1. Consistently profitable for over a decade
2. Attracts a mix of domestic and international guests
3. Well-designed complex with 24 lots and 30 keys
4. Provides flexibility for accommodating different groups and individuals
5. Comfortable and well-appointed rooms with louvered windows and air-conditioning
6. Manager's apartment offers privacy and direct access to the office
7. Realistic and attractive asking price due to unexpected passing of one of the management team
8. Separate investment apartment also available within the resort
9. Net profit of $250,000 and remuneration/body corp salary of $63,087
10. Manager's apartment valued at $350,000 with 2 bedrooms and 2 bathrooms
11. Complex type is holiday with 22 units in total and 18 in the letting pool
12. Agreement module is accommodation with a remaining term of 17 years
13. Facilities such as pool and BBQ area meet guest expectations

Management Rights Multiplier: 3.00
ROI Estimate: 33.33%

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