Key Investment Insights
1. Located in the highly sought-after holiday destination of Airlie Beach, in the Whitsundays.
2. The business is situated at the water's edge, with stunning ocean views and a natural amphitheatre setting.
3. The complex has 32 units, with 21 in the letting pool.
4. Recently upgraded office equipment and business systems offer potential for increased profits.
5. Excellent mix of studio, 1, 2, and 3 bedroom self-contained apartments, catering to long stays and group bookings.
6. The guest reception is modern and spacious, with marina views and a well-equipped tour office.
7. The manager's apartment is 2 bedroom, fully tiled, and air-conditioned, with a private patio deck and ocean views.
8. The freehold also includes 2 high ceiling double lock-up garages for additional income.
9. The business has a consistent track record of profits, with 18 years remaining on management rights and a new caretaking agreement.
10. The caretaking agreement includes a minimum annual salary increase of 4% and can be topped up by up to 5 years in any one year.
11. The complex is pet-friendly, allowing for a manager's pet.
12. The manager's apartment is valued at $650,000.
13. The complex is a holiday complex, with 32 units in total, including 21 in the letting pool, 4 owner-occupied units, and 6 outside agent units.
14. The agreement module is accommodation, with a term of 25 years and 18 years remaining.
15. The complex has a pool and function facilities.
16. The business offers the opportunity for a sea-change lifestyle in one of Australia's most sought-after holiday regions.
Management Rights Multiplier: 2.69
ROI Estimate: 37.15%