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Whitsundays MLR Goldmine with Views for Days
$975k MR&$650k Unit = Total $1.625M
Resort / Holiday Management Rights, AIRLIE BEACH QLD
Fresh to market and delivering strong, verified returns, Airlie Summit Apartments is a premium management rights opportunity nestled in the lush hillside of a National Park above Airlie Beach. With sweeping views over the Coral Sea and Whitsunday Islands, this business offers not only a rock-solid net profit of $278,218 and a confirmed salary of $171,913 but also a lifestyle most only dream of.
The complex consists of 61 apartmentsfive one-bedroom and 56 two-bedroom residencesspread across seven buildings. Of these, 27 are in the letting pool, comprising a balanced mix of short and long-term rentals. This strategic model allows managers to maximise returns year-round, shifting units to short-term letting during the bustling tourist season. With 24 owner-occupiers and 10 units managed externally, there remains significant scope for further growth of the letting pool.
The managers residence is a spacious two-bedroom, two-bathroom unit offering magnificent views and exceptional privacy. It is located on the same title as the separate, conveniently positioned office. Importantly, there are no set office hours in the agreements, offering flexible day-to-day operation.
Recently repainted in 2024 and backed by a scheduled annual washdown program, the complex is immaculately presented and well maintained. With agreements in place until 2047, providing 22 years of tenure, and an already well-performing letting pool in one of Queenslands most iconic destinations, this is a standout opportunity for lifestyle buyers and seasoned operators alike.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $975k MR&$650k Unit = Total $1.625M
- Net Income: $ 278,218
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?