Executive Summary – Alawara Mansion
The property and business known as Alawara Mansion, located at 19 Alawara Drive, Tallai, Queensland, 4213; is for sale by tender on 1 October 2018.
Real Estate For Sale
On over 2 manicured garden acres (8,170 m sq), Alawara Mansion is a unique Gold Coast property and resort, centrally located in the prestigious rural suburb of Tallai.
The palatial estate features a grand mansion building, apartment building, themed pub building (The Frog and Toad), sparkling pool, tennis court, playground and stunning parklands.
See www.alawara.com.au for photos and a detailed description. Please note that new photos may not yet have been updated at this website.
Business For Sale
Trading successfully for more than 8 years, Alawara Mansion offers short-term accommodation for up to 26 guests per night and targets family reunions and do-it-yourself weddings and events.
The business generates over $250,000* in gross revenue per annum and has increased average nightly rates each year from 2010 to 2018.
Average of last 3 x completed financial years |
|
Annual Income | $256,245* |
Annual Bookings | 51.5 |
Annual Nights | 246.33 |
Average Nights Per Booking | 4.78 |
Annual Occupancy | 67.44% |
Average Income Per Night | $1,040.24* |
The turn-key business offers an easy transition for its new owners, with $135,759.80* in forward bookings from 1 October 2018 (calculated as at 1 July 2018) and an operations manual detailing all facets of the business including sales, marketing, legal and accounting.
Ideal for a couple to operate part-time (approximately 2 days per week) and/or for anyone looking for an incredible investment, the business delivers solid income and excellent cash-flow, plus capital growth on a most desirable, real estate asset.
The owners, Geoff and Karen Brieger, operate the Alawara Mansion business via a company, which pays them rent and management fees of approximately $165,000 per annum.
Additional costs are currently $65,000 per annum; but will vary subject to the chosen level of involvement by the new owners.
*Includes GST
Next Steps
- To investigate the opportunity, download and complete our non-disclosure agreement and email to Geoff Brieger on gb@alawara.com.au.
- The counter-signed agreement will be returned to you with a code to access our due diligence documents, including: –
- Property history and government land valuations.
- Approvals, zoning and legality information.
- Business description and system documents.
- Financial documents and information.
- Summary of forward bookings (from 1 October 2018).
- Contracts of sale (Real Estate and Business).
When you have received your access code, return to this page and click here to access all documents. Note: You may view the page now, but will not be able to access any document without your access code.
- “Expressions of Interest” are to be submitted online at www.purplebricks.com.au or by telephone on 1300 309 768.
– - Submit your formal offer by 5pm on Monday, 1 October 2018 to: -Eric Payne of WP Lawyers
Nerang Legal Centre, 26 Nerang Street,
Nerang, QLD, 4211PO Box 663, Nerang, QLD, 4211
Ph: 07 5596 0433
Fax: 07 5596 0449
Email: eric@wp-lawyers.com.au
Open houses will be held on Saturday’s and Sunday’s in September 2018 at 1pm.
Other inspections may be arranged directly with Adam Richards of Purple Bricks on 0423 744 045 / adam.richards@purplebricks.com.au