Sold

MASSIVE PRICE REDUCTION OWING TO UNFORESEEN PERSONAL CIRCUMSTANCES

This holiday resort is a terrific location with just 15 lots in total and 11 in the letting pool. Every apartment is within 50 metres of the beachfront and it offers an idyllic and restful holiday destination for many who come to Magnetic Island for the true holiday experience.

- There is a choice of one or two bedroom accommodation for guests and all apartments are fully self-contained
- The resort also offers pool, spa and BBQ facilities with cable television and Wi-Fi service
- The standard module Body Agreements run to 2027 with the option for top-up
- Body Corporate salary is in excess of $43,000 reviewable annually in accordance with CPI

A business of this size is easily managed by a two person management team and when you see the manager’s apartment you will see the ideal set-up for the family or visiting friends and relations. The manager’s apartment is a spacious three bedroom, two bathroom apartment with views from the living area out over the bay. The office and guest reception is on title and has direct access from the apartment.

Net Profit $106,670 despite COVID

GENUINE OFFERS CONSIDERED

Suburb Horseshoe Bay
Price SOLD
Property Type Business
Property ID 447
Category Accommodation/Tourism

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Agent Details

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Premier Sales

0432 144 822
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What our clients say

Scott presented us with a great business opportunity, and guided us every step through the process. Scott's invaluable assistance made the transition of the business a smooth and successful process. We...

Crystal Yuan

Thank you Scott so much for your incredible work and for your support through the Meridian Project from the beginning to the end. We are so appreciative of your work and for going way over and beyond helping...

Maggie & Mike Best

With almost two decades working in Management Rights we have bought and sold several Management Rights through Jim Beard. We met Jim in 2013 and immediately were struck by his fresh, honest and professional...

Neil & Chrissy Simpson

Over the past 10 years we have bought and sold several businesses and David Rotheram has been our "go to" broker through it all.  He has consistently provided us with sound business advice and opportunities;...

Victor Crump and Dr Amanda Murfett

We first met David back in 2001 when he sold our Management Rights at Ormiston.  We had approached other Brokers, who weren't really interested as the complex was tricky to market.  Needless...

Chris and Julie Mitchelson

David recently sold our large holiday resort on the Gold Coast.  David already had purchasers in mind when he listed our property, it then went to contract within the first 2 weeks with 2 back up...

Ray & Louise Thom Pete & Kath Logan