Horseshoe Bay, Queensland
MASSIVE PRICE REDUCTION OWING TO UNFORESEEN PERSONAL CIRCUMSTANCES
SOLD
Business Description
This holiday resort is a terrific location with just 15 lots in total and 11 in the letting pool. Every apartment is within 50 metres of the beachfront and it offers an idyllic and restful holiday destination for many who come to Magnetic Island for the true holiday experience.
- There is a choice of one or two bedroom accommodation for guests and all apartments are fully self-contained
- The resort also offers pool, spa and BBQ facilities with cable television and Wi-Fi service
- The standard module Body Agreements run to 2027 with the option for top-up
- Body Corporate salary is in excess of $43,000 reviewable annually in accordance with CPI
A business of this size is easily managed by a two person management team and when you see the manager’s apartment you will see the ideal set-up for the family or visiting friends and relations. The manager’s apartment is a spacious three bedroom, two bathroom apartment with views from the living area out over the bay. The office and guest reception is on title and has direct access from the apartment.
Net Profit $106,670 despite COVID
GENUINE OFFERS CONSIDERED
Property Code: 447
Business Summary
Key Investment Insights
1. The holiday resort is located in a prime location with just 15 lots and 11 in the letting pool.
2. The resort offers a choice of one or two bedroom fully self-contained apartments for guests.
3. Amenities such as pool, spa, and BBQ facilities are available for guests to use.
4. The resort also offers cable television and Wi-Fi services.
5. The standard module Body Agreements run until 2027 with the option for top-up.
6. The Body Corporate salary is in excess of $43,000 and is reviewable annually in accordance with CPI.
7. The business can be easily managed by a two-person management team.
8. The manager's apartment is a spacious three bedroom, two bathroom apartment with views over the bay.
9. The office and guest reception is on title and has direct access from the apartment.
10. Despite COVID, the net profit for the business is $106,670.
11. Genuine offers will be considered for the sale of the business.
12. The property code for the business is 447.
