653

Management Rights
For Sale

Motels / Hotels
For Sale

Caravan Parks
For Sale

814

Investment Property
For Sale

Business Only Purchase Option

Business only option $1,150,000

Resort / Holiday management rights, Airlie Beach QLD

Delightful Tuscany style holiday resort with sweeping views of the Whitsunday Islands. A stroll down the hill to the Airlie village and restaurants. Fabulous 1,2 & 3 bedroom plus penthouse, elegantly appointed apartments and a penthouse, for the guests with unsurpassed water views of the Whitsundays.
Good agreements and salary.
An excellent opportunity for both lifestyle and business in this high growth and wonderful holiday area.
Trip Advisor Certificate of Excellence Awards.
Also on title and included in the Managers real estate is the 2 bedroom Managers apartment, the office area plus an ensuited studio apartment behind the office.
The fifty seat restaurant on site is owned and operated by others.
There is the option to just purchase the business and rent the office and attached studio apartment.
Option 1: This gives a sale price of $1,150,000.
Option 2: The price including the real estate is $1,835,000.
Confidentiality conditions apply.
Call Calvin today for further information & inspection arrangements.

More Information

Financial Overview

Total Purchase Price: Business only option $1,150,000
Net Income: $ 309,703 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 685,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 19
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 6
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 26
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 106,767
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: 8.00 am - 6.00 pm Mon - Sat 9am - 12pm Sunday
_{Required Office Hours}

Complex Features: Four cascading swimming pools with childrens pool and waterfall features, BBQ area, Tour desk, Wi-Fi, Secure basement parking. Plus the added value for guests of a 50 seat onsite restaurant, owned and operated by others.