Whitsundays, Queensland
Excellent Opportunity - Business Only for Sale
$1,500,000
Business Description
This business is showing a 29% Return on Investment and is a must see.
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.
This is a business only purchase with the manager residing onsite in a leased 2 bedroom apartment.
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: $1,500,000
Net Profit: $441,996 Remuneration / Body Corp Salary: $110,000Body corp salary review: CPI Annually
Complex Information
Complex Type: HolidayTotal Units in Complex: 40Total Units in Letting Pool: 17Owner Occupy Units: 11Outside Agent Units: 9Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesGym: YesBBQ Area: YesWIFI: Yes
Key Investment Insights
1. High return on investment at 29%
2. Next level, nautical style holiday resort with stunning views
3. High occupancy rates
4. Convenient location near village and restaurants
5. Elegantly appointed apartments with 1, 2, and 3 bedrooms
6. Long-term agreements with a generous salary of $110,000 exclusive of GST
7. Opportunity for both lifestyle and business in a high growth and picturesque holiday area
8. Motivated vendors and well-priced property for sale
9. Business-only purchase with manager residing onsite in a leased 2 bedroom apartment
10. Two resort pools, including an infinity edge pool and a lap pool
11. Amenities such as a lift to all levels, free WIFI, gym, secure parking, BBQ and entertainment area
12. Supportive and cooperative Body Corporate
13. Continued growth in the Whitsundays area with new economic developments approved
14. High number of visitor nights per year in the area
15. Complex type: Holiday
16. Total units in complex: 40
17. Total units in letting pool: 17
18. Owner-occupied units: 11
19. Outside agent units: 9
20. Lockup units: 2
21. Manager units: 1
22. Agreement module: Accommodation
23. Agreement term: 25 years
24. Remaining agreement term: 23 years
25. Amenities include a pool, gym, BBQ area, and WIFI.
