Management Rights – Magnetic Island

December 8, 2021

Description

The management rights for this holiday accommodation business represent a rare opportunity to strike that work/life balance so often sought but seldom found. Also included is a freehold manager’s 3 bedroom, 2 bathroom manager’s apartmnent with gorgeous ocean views! 

Business Overview
Sails on Horseshoe is the perfect location for a getaway on Queensland’s beautiful Magnetic Island off Townsville. Centrally located just across the road from Horseshoe Bay’s stunning beachfront, and only a couple of minutes walk to cafes and restaurants, Sails On Horseshoe offers self-catering accommodation with kitchen facilities and ocean views.

There are 15 apartments with 11 in the holiday letting pool. There is a good Body Corporate with supportive committee and the standard module Body Agreements run to 2027 with the option for top-up. The owner purchased the management rights 7 years ago and is now selling due to retirement.

Guest Accommodation
Guests have the choice of 1 or 2 bedroom, fully air conditioned apartments with sattelite TV, private courtyard or balcony. Each fully self contained apartment has laundry facilities and a full kitchen with dishwasher. The property also features a swimming pool, spa and barbecue area.

Freehold Manager’s Unit
The sale includes a freehold manager’s unit valued at $350,000. The unit has 2 large bedrooms, 1 small bedroom, 2 bathrooms and beautiful ocean views from the living area. It is large enough to accommodate a two person management team or family. The office and guest reception is on title and are only a few steps away from the manager’s apartment.

Profitability
A net profit of $131,000 was achieved by the business in 2021.

Areas of Competitive Edge
Many areas of competitive edge exist including:

  • Located on the highly sought after Magnetic Island, only a 20 minute ferry ride from Townsville
  • A true lifestyle business
  • Absolute beachfront complex
  • Strong letting business
  • 15 apartments with 11 in the holiday letting pool
  • Good Body Corporate with supportive committee
  • The standard module Body Agreements run to 2027 with the option for top-up
  • 3 bedroom, 2 bathroom freehold manager’s apartment with views
  • Genuine reason for sale – the seller is retiring

Business Price
The management rights for Sails on Horseshoe and the freehold manager’s unit are being sold for $695,000 (neg).

Contact
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.beyond2000.com.au/confidentiality-agreement. Once we receive your details, we will email you the Sale Proposal for this business.

Business Broker
Susan Butler – 0419 905 463
susan@beyond2000.com.au
www.beyond2000.com.au