2637MF - PARADISE SEACHANGE AWAITS IN THE IDYLLIC WHITSUNDAYS
Nestled in a quiet lane, with an immaculate palm fringed driveway hides the beautiful Bush Village Holiday Cabins.
Is it a Park, is it a Motel? It is neither. It is a special resort style accommodation in the middle of the Whitsundays.
With 20 rooms of varied configurations, these resort style holiday cabins have mostly been recently renovated tastefully to provide an incoming buyer not much to worry about for many years to come.
Surviving Cyclone Debbie, without losing as much as a few palm fronds, this resort is built tough and ready for another 100 years.
The owner is a lone warrior and has been at it for six years, and has reached retirement age, with much of the renovation work completed the property is ripe for the next owner to bring a new lease of energy, marketing and operational style.
Would suit a couple with a mix of sales, marketing and operational skills, the property has much left in the tank.
Set on over an acre of land, the replacement value exceeds $2.5 million, at $1.64 million it is a bargain and with little in the way of renovations left to do, the potential to increase Net Profits beyond $350,000 is within easy reach, giving a short to medium term holding return of around 21% (freehold going concern).
Net Profit: $139,050 for 2019/20
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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