Luxury Villa Complex – Hamilton Island

Luxury Villa Complex – Hamilton Island

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Summary

Rare opportunity, four luxury villas complex, in the highly sought after tourism area of Hamilton Island, overlooking the Whitsunday waters, yacht marina, and few minutes walk to central shops.

Revenue

$600,000 pa

Rent

$0 pa

Expenses

$280,000 pa

Net Profit

$320,000 pa

Potential

The Villa Complex has capacity to attract a greater share of International Torists and increase occupancy by another 12% in line with the overall occupancy rate on Hamilton Island. Demand on Hamiliton Island is anticipated to increase given recent government initiatives to further drive tourism to the area. The complex has flexibility of rooms, and can accommodate ( 2 x 4 bedrooms plus 2 x 3 bedrooms) or (4 x 3 bedrooms plus 2 x 1 bedrooms) or ( 1 x 4 bedrooms plus 3 x 3 bedrooms plus 1 x 1 bedroom suites)

Skills

Hotel management, customer service and marketing would be ideal skills needed to successfully manage the business. The owners employs outside contractors to perform the daily operations of the villa complex that include housekeeping, cleaning, repairs and mainetnance, and outsources bookings to professional selling agents. Involvement in the daily operations for a new owner can be tailored to individual needs and kept to a minimum.

Hours

Owners current involvement is less than 10 hours per week with an ability to operate the the business remotely.

Lease

Not Applicable, land and buildings are included.

Employees

No employees, all essential services are outsourced.

Reason for Sale

Current owners have operated the business for more than ten years and seeking to retire.

About the Business

Luxury 4 Villa complex catering to higher end inbound tourism market. A unique opportunity as rarely can one acquire 4 luxury villas in a complete set, with many accommodation houses being singular and or provided at a lower level of guest experience in a market limited by supply.

About Hamilton Island
Part of the Whitsundays, and in the heart of the Great Barrier Reef, Hamilton Island is one of Australia’s most spectacular and sought-after holiday destinations. On a holiday to Hamilton Island, you’ll be surrounded by pristine white beaches, and a kaleidoscope of coral and marine life. Hamilton Island is a perfect base for exploring the Great Barrier Reef and world-famous Whitehaven Beach.There’s plenty to do during your Great Barrier Reef holiday on Hamilton Island. You can enjoy a wide selection of bars and restaurants, year-round cultural exhibitions and performances, an abundance of water sports and activities – and that’s just the start. For sailing enthusiasts, there’s the Hamilton Island Yacht Club, and for keen golfers, the Hamilton Island Golf Club is the only Australian 18-hole championship course on its own island. Plus, with six different levels of accommodation to choose from across the island – ranging from plush, couples’ suites, to family-friendly apartments and holiday homes, a holiday on Hamilton Island really does offer something for everyone.
Read more at http://www.hamiltonisland.com.au/#1hzQViypGO3sm6dE.99

History

The business has been in operation for over a decade, starting out as a two villa complex. Over the course of time, a further two villa acquisitions were made to complete the set of 4 villas on the one land site. The owners were keen to secure the long term success of the business by re-investing and providing a unique opportunity that is unrivalled by other accommodation operators.

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