Absolute Waterfront Caretaking Only Business

$1,195,000

Caretaking management rights, Golden Beach QLD

Resort Management Sales are pleased to exclusively present the management rights business opportunity for a stand-out holiday destination in the heart of Australias Sunshine Coast.

Situated on the pristine waters of Pumicestone Passage with only landscaped gardens and parkland between the property and the beach, this property offers 29 spacious, two- and three-bedroom executive apartments as well as luxurious sub-penthouse and penthouse, all featuring spectacular ocean views.

These superb apartments offer guests a perfect tranquil haven for the family holiday, honeymoon, romantic getaway, or just a few quiet days to soak up the sunshine.

Key highlights:
- Superior waterfront location close to all amenities
- Caretaking only business
- Generous body corporate salary
- Historic maintenance history
- Ideal building for a start-up or experienced management couple

Note: Photos displayed above are of the manager's unit.

More Information

Financial Overview

Total Purchase Price: $1,195,000
Net Income: $ 70,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 895,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.3
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 6
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 29
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 70,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 25 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: a large, heated swimming pool, an undercover barbecue area, secure undercover parking, Foxtel, free wifi

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 895,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: The managerâs unit is spacious and airy, featuring two comfortable bedrooms with a well-designed ensuite bathroom. The apartment has been stylishly renovated throughout, boasting a new kitchen and bathroom. The apartment also features a reverse-cycle air-conditioner.