Magnetic Island Management Rights Including Freehold Unit For Sale

Business For Sale Magnetic Island, Queensland 4819

Business Category Hotel Management Rights Motel Resort

$695,000

Description

Magnetic Island Management Rights Including Freehold Unit For Sale

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!

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.

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.

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.

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

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

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

To receive a Sale Proposal, please complete our online Confidentiality Agreement form at XXXXXXXXXX . Once we receive your details, we will email you the Sale Proposal for this business.

Business Broker:
Susan Butler – XXXXXXXXXX
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Contact Seller
Beyond 2000 Business Sales

Bsale ID: 566961

Beyond 2000 Business Sales
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