Magnetic Island, Queensland 4819
Freehold Island Backpackers (Good Net) - BF
For Sale | $2,700,000
Free yourself of the madness of urban life with this sea change opportunity that ticks off ALL the boxes. Boasting a large net profit and dual income stream from a combined accommodation and car hire business, the figures just keep getting better each year. Set in tropical North Qld on a majestic Island in the Great Barrier Reef, each day will end with you sitting back and soak up the magnificent sunsets (with a cocktail in hand) while you celebrate your departure from the rat race. Yes life is too short to keep dreaming about it so I encourage you to seriously consider this opportunity. Not only is this a great place to live and work, there are numerous fringe benefits which add up to the ultimate lifestyle that awaits. Now is the time to sell up and get out of the fast lane so you can start enjoying a less stress and a greater return than your super fund was ever going to pay. The catch is your staying productive during the day but its all so easily manageable. So, this business not only provides strong net, solid growth and the diversified income streams that complement each other, its also backed by the security of prime beachfront freehold. Firstly, the accommodation business is essentially beach house style apartments situated on 2 adjoining 1,000 m2 prime beachfront blocks. There are 12 x 3 bedrooms, 2 bathroom apartments, a spacious managers unit with a separate office, a swimming pool, 2 x guest kitchens, 2 laundries, dining areas as well as 2 wood fired pizza ovens! We even have an area that would be just perfect for café bar so you can make happy hour part of your every day life. The second income stream which rivals that of the accommodation is a fleet of 25 hire cars - mostly topless 4WDs and even a Classic Roller (Rolls Royce) which is used for wedding ceremonies. They have even setup a reception area onsite. The car hire business is perfect for the island as it makes more of it accessible to guests during their stay. The car hire business is not just a sideline either - it has its own website and is promoted on both booking websites and by agents on the island. Magnetic Island itself is nothing short of just magical. Situated within the world heritage listed Great Barrier Reef, the island is surrounded by some of the best reefs, snorkelling and dive sites in the world. There is also an abundance and diversity of marine life to see, including the Green and Flatback turtles that come ashore to lay their eggs from November to January each year. Where else in the world does that happen right at your front door? Furthermore, guests can go bush-walking through the 25klms of spectacular National Park trails or explore more than 23 bays and secluded beaches. Additionally, there is horse riding, kayaking, fishing, boating and a unique array of flora and fauna. Guest can see wallabies, kookaburras, cockatoos and koalas along with panoramic views of the Coral Sea, all this is within very close proximity to the accommodation. The Island is accessibly 20 times a day by high-speed catamaran direct from Townsville. Townsville itself is considered the economic hub of North Queensland with so much going investment and economic development wise. For starters, the International Airport is set to undergo redevelopment to deal with increased passenger numbers. Furthermore, the Cowboys will have a new $250m stadium by 2020 and there is V8 Car racing already each year. Combined with the new cruise ship terminal, all this brings more domestic and international visitors each year. Townsville's port also happens to be the largest container ship port in North Queensland handling some $10bn in cargo annually. The health of the economy is further underpinned by a military base and massive investment in the mining sector with $22bn alone attributed to the Adani coal mine. All this of course is very good news for the business and is little wonder why it enjoys steady growth. The owners put this gem under management some time ago and yet it continues to perform. Just imagine what a hands on owner could achieve? However, the owners portfolio of other investments combined with the fact they don't reside locally, is why after 12 years they have decided to put the business on the market with us (exclusively). There is absolutely no doubt this awesome freehold business has much more potential and appeal to the savvy buyer wanting to grow this safe investment. You just have to secure it first and from our enquiries with financiers, it is likely you would be able to lend up to 60% against the freehold. Genuine interest only please.