Airlie Beach, Queensland

Multi Award Winning Airlie Beach Holiday Resort

$2,395,000

Business Description

The opportunity to purchase the management and letting rights to this multi award winning Airlie Beach holiday resort will not come often. Our vendors have enjoyed this business and the location for well over a decade now and reluctantly consider a well-earned retirement. We expect the new business owners will want to stay just as long.

The resort offers 16 quality apartments comprising studio, one, two and three bedroom (three are dual keyed) together with a 4 bedroom penthouse apartment. This configuration has proven to be highly flexible for all guest needs and enhances the trading performance of the business. Although the property is compact, the design affords every guest and the managers privacy and easy access. All apartments offer Marina and Coral Sea views.

Rated 4.5 star, the complex is located in the town centre of Airlie Beach, opposite the Port of Airlie Marina which offers all cruising and sightseeing attractions around the Whitsundays.

Portside remains among the best on offer in Airlie Beach.

Business Summary

Business Snapshot

Price: $2,395,000 Net Profit: $389,404 Remuneration / Body Corp Salary: $61,000

Managers Unit

Value of Managers Apartment: $720,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Quality 2 bedroom, 2 bathroom apartment with one car park, private and spacious with views. Pet permitted

Complex Information

Complex Type: HolidayTotal Units in Complex: 17Total Units in Letting Pool: 16Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesBBQ Area: Yes

Marketing Agent

Geoff Ellis

0432 79....

North Queensland Management Rights

Key Investment Insights

1. Highly successful and profitable holiday resort located in the popular tourist destination of Airlie Beach.
2. Award-winning property with a 4.5 star rating, offering 16 quality apartments with Marina and Coral Sea views.
3. Flexible apartment configuration, including studio, one, two, and three bedroom options, as well as a 4 bedroom penthouse.
4. Prime location in the town center of Airlie Beach, opposite the Port of Airlie Marina and close to all local attractions.
5. Managers unit valued at $720,000, featuring 2 bedrooms, 2 bathrooms, and a private balcony with views.
6. Pet-friendly complex with a pool and BBQ area for guests to enjoy.
7. Long-standing and reputable business with a loyal customer base and high occupancy rates.
8. Strong financial performance with a net profit of $389,404 and a remuneration/Body Corp salary of $61,000.
9. 25-year accommodation agreement in place, providing stability and security for the new owners.
10. Rare opportunity to purchase a well-established and successful holiday resort in a highly sought-after location.

Management Rights Multiplier: 4.30
ROI Estimate: 23.25%