One of Australia's fastest growing regions.
$1,229,970
Resort / Holiday Management Rights, COOLUM BEACH QLD
A combination of income streams + location makes this MR business very attractive in one of Australias fastest growing and beautiful regions.
Although the owners can live off site, they enjoy the superb location, of their beautifully renovated two-bedroom apartment complete with white plantation shutters, and gourmet kitchen with granite bench tops. As soon as you walk in, there is an instant relaxed coastal vibe.
Walk to Coolum Surf Club, central and plenty of opportunity..
Seconds from a pristine patrolled beach and surf club, Coolum Beach Resort is central to everything you need for a relaxed beach holiday, and close to kilometres of decked coastal walkways and famous Mt Coolum.
The business Nett Profit of over $194,000 also includes $6,000 pa caretaking salary for the neighbouring resort and over $20,000 pa from renting a commercial space near the reception and salary of $44,851.
The two-bedroom apartment could also be rented out for an additional income.
There is also a huge lockable storage room in the basement.
Coolum Beach is only 10 minutes from the Sunshine Coast Airport servicing flights between 12 domestic destinations through four different airlines.
International flights direct to Auckland with Air New Zealand return from 25 June until 15 October.
An easy drive from Brisbane, the Coolum Beach Resort has good repeat business from the "drive market" as well as holiday makers from interstate and overseas.
To take your next steps, please feel free to call today.
More Information
- Total Purchase Price: $1,229,970
- Net Income: $ 194,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 598,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?