Azure Sea Whitsunday Resort occupies a premium position in Airlie Beach where the township is within easy walking distance and every apartment is afforded outstanding views across the Whitsunday passage to the Coral Sea.
Our vendors purchased this management rights business to fulfil a long-term dream however now faced with unforeseen circumstances, are forced with reluctance to sell. Accordingly, the opportunity is here for new owners to capitalise with the vendors ready to consider all genuine offers. To attract interest, they have agreed on an unbeatable asking price. The rest is up to you.
Built around 2006 the accommodation is to a very high standard offering guests spacious apartment living, expansive balconies and fitted with every convenience guests expect. The facilities on-site are better than expected a 20m infinity pool, a 15m lap pool with spa, fully equipped air-conditioned gymnasium and bbq facilities.
The business has consistently performed well for a resort of this size and is well-managed by a two-person management team. The profit for the 2023 calendar year is impressive taking into account the vendors were still coming to grips with the resort, the location and the industry but their efforts demonstrate this resort will provide excellent returns for new managers.
Of special interest, there is no requirement for managers to purchase real estate at the resort. Consequently, there are two options available for the new managers:
1. Purchase a three bedroom apartment within the complex.
2. Lease a two bedroom apartment within the complex on terms to be negotiated.
The complex comprises 30 lots overall which provides a letting pool of 16 lots and a very manageable business. However there remains the potential to enlarge the letting pool over time. There are plenty of years remaining on the body corporate agreements and this can be topped up as required. The BC and owners have been supportive of managers all along.
Airlie Beach is an excellent community with a supportive group within the overall tourism industry all looking to promote and grow the region. There are excellent schooling facilities through primary and secondary levels and the region provides every amenity.
The Whitsundays is your playground.
Enquire for more information about this great opportunity.
