This successful resort was built by the current owners 24 years ago and this is the first time it has been offered for sale as the owners wish to retire.
This multi-award winning resort is 50 metres from the beach on beautiful Magnetic Island. Just 8klm off shore from the city of Townsville in North Queensland and serviced by regular passenger and car ferries daily.
The resort has a tropical village atmosphere with 17 architecturally designed villas set amongst low maintenance gardens with facilities including tennis court, lagoon pool, spa, library, games room, communal lounge and snack bar.
This resort has recently been approved as the first retirement village on an island in North Queensland. The renovations and refurbishment were completed in 2014/15.
It will be an exclusive retirement village with no competition. The resort is currently operating as a holiday resort with all council approvals to transition to a retirement village.
Council has also approved the strata title sale of the current 17 units plus a development application for an additional 13 units.
The resort has a commercial liquor license with facilities for a commercial kitchen, this makes the potential to add a restaurant a viable option.
A manager’s unit is included with the opportunity to purchase 2 double story luxury homes on either side of the resort, one with sea views, making this an ideal 2 family business.
As a retirement village, work hours will be significantly reduced plus there is the option to sell management rights.
This is a great business in its current form with the potential to be an excellent investment opportunity in the future. Surveyors plans are completed and ready to be registered on a new title. All the hard work has been done.
Freehold, and priced to sell at $3,800,000 Neg. WIWO
Further information and financial details will be provided upon inspection.
Call 0418 235 256, Email firstname.lastname@example.org, and visit
www.islandleisure.com.au or www.islandleisure.com.au/retirement/