Whitsundays, Queensland


Property Description

Urgent Sale and Priced Accordingly

Delightful Mediterranean Villa style property nestled into the hillside and offering spectacular views of the Coral Sea and Whitsunday Islands. Four star rated.
The majority of units have been tastefully refurbished including new furniture. Excellent mixed letting business which provides a good cash flow in the quiet times.
Potential for new management to increase the holiday pool. Airlie Beach continues as a major tourism destination within the Whitsunday area.
Growth has returned and Reefside provides a good consistent business return and would be highly suitable for those new to the industry or an operator looking to scale back and enjoy a great lifestyle.
Contact Calvin for further information on this property.

Property Summary

Business Snapshot

Price: $1,040,000 Net Profit: $198,000 Remuneration / Body Corp Salary: $85,266Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $400,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Excellent three bedroom two bathroom villa with large private courtyard. Very spacious 165m2.

Complex Information

Complex Type: MixedTotal Units in Complex: 36Total Units in Letting Pool: 20Holiday Units: 14Permanent Units: 6Owner Occupy Units: 9Outside Agent Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesBBQ Area: Yes

Marketing Agent

Calvin Bailey

Marketing Agency

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Malcolm Thomson
Calvin Bailey Management Rights


Listing Tools

Property Map

Map Location ( get directions )

Whitsundays, Queensland 4802 Exact map location not provided

Similar Properties

Positioned in a highly-sought after area. Vendor will look at all options. | Resort Brokers ID : MR006304

Positioned in a highly-sought after area....

Net Income: $208,610
Managers Estate: $450,000 3 Bed 1 Bath
Letting Pool: 30
Remuneration: $97,728

Management Rights & Rent Roll in the Birthplace of Queensland - 1P4288MR

Management Rights & Rent Roll in the Bir...

Management Rights $1,000,000
Net Income: $170,000
Managers Estate: $400,000 3 Bed 2 Bath
Letting Pool: 15
Remuneration: $43,000

CRE Brokers