599

Management Rights
For Sale

Motels / Hotels
For Sale

Caravan Parks
For Sale

831

Investment Property
For Sale

Exclusive

Award Winning Resort With Stunning Ocean Views

$1,895,000

Resort / Holiday management rights, Alexandra Headland QLD

Award-winning apartments with stunning ocean views in an exquisite seaside location.

Resort Management Sales proudly offer an easy-to-manage, short-stay management rights opportunity on the Sunshine Coast. Situated in an idyllic beachside location directly opposite Alexandra Beach on the Headland, between Mooloolaba and Maroochydore. This property has 27 apartments of which 21 are in the letting pool, all with a beautiful beach and ocean views from large north facing balconies.

Set among lush tropical gardens, this property offers highly sought-after holiday accommodation within walking distance of renowned beaches and all Sunshine Coast attractions. Check out the number of boxes ticked here!

Key highlights:
- Value for money at 4.3 multiple
- Superior beach front location
- Ocean views from north facing managers unit
- Long agreements
- $20k wage inclusion for reception and gardening assistance
- Stable short-term letting pool and high guest return rate
- Low owner occupation
- High body corporate salary
- Separate reception area
- Historic maintenance history
- Perfect building for a start-up or experienced management couple

Note: Photos displayed above are of the managers unit.

More Information

Financial Overview

Total Purchase Price: $1,895,000
Net Income: $ 266,952 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 740,000
_{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: 21
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 3
_{Number of units resided in by their owners.}

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 27
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 58,936
_{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: 38 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Large heated, inground swimming pool complete with a childrens area, mini-golf course, barbecue and outdoor dining area, resort-style heated sauna, games room with a table tennis table and foosball, secure underground parking

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 740,000
_{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 centrally-located managers unit is spacious and airy, and features two comfortable bedrooms with a well-designed and recently renovated bathroom and separate toilet. The apartment features expansive ocean views and a high-quality fit-out including new plantation shutters throughout and air-conditioning in the living area. There is an exclusive-use car park plus additional storage in the secure undercover garage.