Business For Sale Magnetic Island, Queensland 4819
Business Category Hotel Management Rights Motel Resort
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.
Susan Butler – XXXXXXXXXX
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