Airlie Beach, Queensland

Tuscan-Themed Resort with $309K Net Profit – ID 9175

$1,835,000

Business Description

Mixed Management Rights for Sale

Wake up to Paradise

- Under current ownership for 17 years.
- Great lifestyle for a management team.
- New 25-year agreements from April 2024.
- 19 spacious well equipped self-catering guest apartments in the letting pool.
- Net $309,703 which includes Body Corporate salary of $110,087 (ex GST).

Fabulous Tuscan themed Management Rights in the heart of Airlie Beach and offering superb views over the Coral Sea and Whitsundays.

It’s your choice:

Purchase Management rights and Manager's 3 Bedroom Apartment PLUS office on title

OR

Management Rights business only - Also no requirements to live on site!

Net Profit: $309,703
Asking Price: $1,835,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Peter Ward

Property Code: 931

Business Summary

Business Snapshot

Price: $1,835,000 Net Profit: $309,703 Remuneration / Body Corp Salary: $110,087

Managers Unit

Value of Managers Apartment: $755,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: MixedTotal Units in Complex: 26Total Units in Letting Pool: 18Owner Occupy Units: 5Outside Agent Units: 1Lockup Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 25 years

Marketing Agent

Peter Ward

1300 9....

MR Sales

Key Investment Insights

1. Long-standing ownership of 17 years, indicating a stable and successful business.
2. Great lifestyle opportunity for a management team.
3. New 25-year agreements from April 2024, providing security and potential for growth.
4. 19 spacious and well-equipped self-catering guest apartments in the letting pool.
5. Strong net profit of $309,703, including a Body Corporate salary of $110,087.
6. Beautiful Tuscan-themed resort with stunning views of the Coral Sea and Whitsundays.
7. Multiple options for purchase, including the Manager's 3 bedroom apartment and office on title or just the Management Rights business.
8. No requirement to live on site, providing flexibility for the new owners.
9. Asking price of $1,835,000, inclusive of Manager's Real Estate.
10. Opportunity for further growth and development in the popular Airlie Beach area.

Management Rights Multiplier: 3.49
ROI Estimate: 28.68%