Cannonvale, Queensland

Easy To Operate Management Rights in Paradise - ID 8696

$749,000

Business Description

Holiday Management Rights For Sale
Absolute Beachfront Property with Coral Sea Views

- Location: Airlie Beach, a prominent tourist hub, offering access to the Whitsunday Islands.

- Business Type: 20-apartment complex 14 apartments in the holiday letting pool.

- Body Corporate Salary: $42,012 annually (indexed to CPI).

- Remaining Agreement Term: 23 years (Accommodation Module).

- Facilities: Pool, entertainment area with beachfront views, onsite parking

- Potential for Growth: Opportunity to increase the number of apartments in the letting pool.

With excellent networks in place and a high volume of corporate clients this waterfront management rights business in Airlie Beach, offers a lifestyle opportunity along with a profitable enterprise, all easy operable by a couple in semi retirement. An attractive investment of only $795,000.

Net Profit: $123,000
Asking Price: $749,000
(Inclusive of Manager's Real Estate)

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

Management Rights Brokers
Antonio Curulli & Peter Ward

Property Code: 913

Business Summary

Business Snapshot

Price: $749,000 Net Profit: $42,012

Managers Unit

Value of Managers Apartment: $400,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

One bathroom (two toilets)

Complex Information

Complex Type: HolidayTotal Units in Complex: 20Total Units in Letting Pool: 14Owner Occupy Units: 3Outside Agent Units: 1Manager Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: Yes

Marketing Agent

Antonio Curulli

Peter Ward

1300 9....

MR Sales

Key Investment Insights

- Located in Airlie Beach, a popular tourist destination with access to the Whitsunday Islands
- 20-apartment complex with 14 apartments in the holiday letting pool
- Annual body corporate salary of $42,012, indexed to CPI
- Remaining agreement term of 23 years under the Accommodation Module
- Facilities include a pool, entertainment area with beachfront views, and onsite parking
- Potential for growth by increasing the number of apartments in the letting pool
- Strong networks and corporate clients provide a profitable business opportunity
- Easy to operate by a couple in semi-retirement
- Manager's apartment valued at $400,000 with 2 bedrooms, 1 bathroom, and 1 car space
- Pets are allowed in the manager's apartment
- Complex type is holiday with a total of 20 units, 14 in the letting pool, and 3 owner-occupied units
- Agreement term is 25 years with 23 years remaining
- Additional income from one outside agent unit
- Net profit of $123,000 and asking price of $749,000, including manager's real estate.

Management Rights Multiplier: 8.31
ROI Estimate: 12.04%