Ocean Views from Every Balcony including Managers
$1,795,000
Resort / Holiday management rights, Coolum Beach QLD
This perfectly positioned 3 level resort has the best of both worlds. Minutes walk from the vibrant hub that is Coolum Beach but with the laid back coastal feel that accompanies its quieter location at the end of town.
With 18 apartments in the letting pool and a spacious 3 bed/2 bath managers unit, all with stunning ocean views from their large balconies, this is truly the epitome of the lifestyle M.R model. The generous B.C salary and excellent committee adds to the allure of this offering.
Currently trading strongly but still with plenty of room for uplift for the savvy operator with a 63% average occupancy rate. This property is located in a prime position, offering guests easy access to the well-known surf beach, shopping and dining esplanade, and numerous local attractions.
Key Highlights
Stunning location across the road from the beach and close to all amenities
Proximity to Sunshine Coast tourist attractions
Solid existing short-term letting pool and high guest return rate
Very generous B.C salary with supportive committee
No set office hours
Long agreements
Suitable for both start-up or experienced management
More Information
- Total Purchase Price: $1,795,000
- Net Income: $ 214,321
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 940,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.0
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?