Whitsunday Waterfront Apartments, 48 Coral Esplanade, Airlie Beach, Qld 4802

Fabulous and very rare opportunity to acquire a very well established waterfront Management Rights Business in Airlie Beach. Whitsunday Waterfront Apartments offer a very comfortable and affordable stay in a choice of beachfront fully self contained apartments in a very popular and central part of Airlie Beach close to all facilities and its major retail and hospitality strip.

Management Rights businesses form a major part of Queensland's accommodation sector and are keenly sought by prospective purchasers particularly in highly desirable locations such as Airlie Beach. The Management Rights business agreements on offer are in the preferred Accommodation module with an attractive term of 23 years remaining available. In addition to business profits generated by the Managers an attractive Body Corporate salary (increased annually to CPI) now $42,012 (exclusive of GST) is payable by the Body Corporate. Net profit for the 30 June 2023 financial year was $123,195 for this well run and successful business.

There are 20 Apartments in the complex and which is easily run by a two person management team. The Managers freehold waterfront 2 bedroom Apartment is included in the sale plus there are 14 Apartments in the letting pool which comprise:

*Five 2 bedroom Gardenview Apartments
*Four 2 bedroom Ocean View Apartments
*One Studio Garden View Apartment
*One Studio Ocean View Apartment
*Three permanent residential Apartments
Potential exists for new management to increase the letting pool

An inground chlorinated pool and leisure area is ideally situated at the front of the complex overlooking the beach and ample 20 car spaces are available on site including basement and street level.

Airlie Beach is one of Australia’s most highly regarded tourist precincts offering transfers from 2 highly regarded Marinas to the world famous Whitsunday Islands resort precinct. And there is strong demand for more affordable accommodation such as that offered by the waterfront Whitsunday Waterfront Apartments complex.

Act now and secure your slice of Airlie Beach’s thriving accommodation market.