Whitsunday Mews, 28 Island Drive, Airlie Beach, Qld 4802

Hotel/Leisure
|Commercial Farming
Offers to Purchase in excess of $350,000
Offers to Purchase in excess of $350,000
Published on: 17 Apr 2024
Last updated on: 22 May 2024
Whitsunday Mews, 28 Island Drive, Airlie Beach, Qld 4802
Whitsunday Mews, 28 Island Drive, Airlie Beach, Qld 4802
Whitsunday Mews, 28 Island Drive, Airlie Beach, Qld 4802
+11
Whitsunday Mews, 28 Island Drive, Airlie Beach, Qld 4802
  • 11
Property ID: 504568748
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Key property information

Floor Area
10.76 sq ft

FREEHOLD MANAGERS UNIT PLUS CARETAKER AGREEMENT IN A RESIDENTIAL COMPLEX WITH AN ATTRACTIVE INDEXED INCOME

Whitsunday Mews, 28 Island Drive, Airlie Beach, Qld 4802
This is a very rare opportunity to acquire a very well established and profitable business in Airlie Beach without any further major capital outlay.

Our vendor has operated this Caretaking business for 20 years and has enjoyed the support of the Body Corporate over that time but its now time to retire. The current Caretaking agreement is for a 10 year agreement expiring 30 September 2029 so in excess of 5 years remaining. Current income  $81,756 (ex GST) per annum increases by CPI or 3% per annum annually whichever is the greater so there is considerable income to be earned over the next 5 years+. 

In addition to the caretaking salary there is a regular usually monthly expense reimbursement of up to $3,720 per annum for motor vehicle and similar expense. A successful purchaser of this business may well be able to negotiate a new agreement with the Body Corporate beyond 2029 prior to the expiration of the existing agreement

The Managers very comfortable two bedroom freehold unit is included in the purchase which is a requirement under the Caretaker Agreement.

This property /business package is offered for sale by negotiation in excess of $350,000.

Property Details

Basic Info

Property Type
Hotel/LeisureCommercial Farming
Listing Status
On Market
Address
Whitsunday Mews, 28 Island Drive, Airlie Beach, Qld 4802
Peter Ward
Ward Commercial - Yeppoon
P.O.Box 1273, Yeppoon, Qld 4703
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Contact Agent

Ward Commercial - Yeppoon

P.O.Box 1273, Yeppoon, Qld

Peter Ward
Peter Ward

TAYLORS Property Specialists - CANNONVALE

98 Shute Harbour Rd, Cannonvale, Qld

Brad Sobott
Brad Sobott
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      Property ID: 504568748

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