Whitsundays, Queensland
Excellent Opportunity - Business Only for Sale
$1,300,000
Business Description
Next level, nautical style holiday resort with sweeping views of the Whitsunday Islands.
High occupancies.
A stroll down the hill to the village and restaurants.
Fabulous 1, 2 & 3 bedroom elegantly appointed apartments.
Good 23+ year agreements with $110,000 exclusive GST salary.
An excellent opportunity for both lifestyle and business in this high growth, picturesque holiday area.
The vendors are motivated and the property is very well priced for sale.
There is no residential or Lot ownership obligation with this property.
There are two resort pools an infinity edge pool and a 15m lap pool.
Lift to all levels, free WIFI, gym, secure parking, BBQ and entertainment area.
The Body Corporate is very cooperative and supportive of the Manager.
Whitsundays growth continues with further new economic developments now approved by the local council.
The area accommodates over 4 million visitor nights per year.
Business Summary
Business Snapshot
Price: $1,300,000
Net Profit: $368,000 Remuneration / Body Corp Salary: $110,000Body corp salary review: CPI Annually
Complex Information
Complex Type: HolidayTotal Units in Complex: 31Total Units in Letting Pool: 16Owner Occupy Units: 9Outside Agent Units: 3Lockup Units: 3Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesGym: YesBBQ Area: YesWIFI: Yes
Key Investment Insights
1. This business for sale offers a unique opportunity to own a nautical style holiday resort with sweeping views of the Whitsunday Islands.
2. The resort boasts high occupancies and is conveniently located within walking distance to the village and restaurants.
3. The apartments are elegantly appointed and come in 1, 2, and 3 bedroom options.
4. The business has a good 23+ year agreement with a $110,000 exclusive GST salary.
5. This is an excellent opportunity for both lifestyle and business in a high growth, picturesque holiday area.
6. The motivated vendors have priced the property well for sale.
7. There is no residential or Lot ownership obligation with this property.
8. The resort features two pools, including an infinity edge pool and a 15m lap pool, as well as a lift to all levels, free WIFI, gym, secure parking, and a BBQ and entertainment area.
9. The Body Corporate is cooperative and supportive of the Manager.
10. The Whitsundays region continues to experience growth, with new economic developments recently approved by the local council.
11. The area accommodates over 4 million visitor nights per year.
12. The business has a net profit of $368,000 and a remuneration/body corp salary of $110,000.
13. The complex is a holiday complex with a total of 31 units, 16 of which are in the letting pool.
14. There are 9 owner-occupied units, 3 outside agent units, and 3 lockup units.
15. The agreement module is Accommodation and has a term of 25 years, with 23 years remaining.
16. The resort also offers amenities such as a pool, gym, BBQ area, and WIFI.
