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Bulcock Beach Business Opportunity Awaits You
$480M MR&$690k Unit = Total $1.17M
Resort / Holiday Management Rights, CALOUNDRA QLD
Discover remarkable investment opportunity at this enchanting three-level walk-up holiday complex, perfectly situated for both relaxation and adventure! This exceptional property boasts a total of 21 spacious apartments, with 11 currently generating income in the lucrative letting pool, and an additional one set to join in February. This means you can start maximizing your rental income from day one!
Each generously sized two-bedroom apartment is thoughtfully designed for ultimate comfort and convenience. Enjoy well-equipped kitchens, air conditioning, and ceiling fansensuring that guests experience a cozy retreat year-round. Picture yourself sipping your morning coffee on your private balcony, taking in the breathtaking views of the tranquil Pumicestone Passage or the refreshing poolthis is what paradise truly looks like!
The complex is surrounded by beautiful tropical gardens, creating a serene oasis highlighted by a sparkling heated pool and a rejuvenating spa. Its the perfect atmosphere for guests to unwind and embrace the Sunshine Coast lifestyle. Additionally, the property comes with an Accommodation Module agreement, making management smooth and providing invaluable peace of mind.
For those seeking an active role in management, theres an enticing option to purchase the Managers residence, perfect for those eager to oversee their investment directly.
Conveniently located mere meters from the iconic Bulcock Beach, this complex is an attractive hotspot for holidaymakers. Immerse yourself in the vibrant ambiance of the newly developed multi-million dollar 'Waterfront' boardwalk or take a leisurely stroll to the adjacent Kings Beachboth popular destinations that draw visitors back time and again.
With a robust net profit of $146,181 and an asking price of just $1,170,000, this alluring holiday complex offers an incredible opportunity for savvy investors looking to dive into the thriving Sunshine Coast real estate market. Seize this chance to transform your dreams into reality and make this fantastic investment yours today!
**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
More Information
- Total Purchase Price: $480M MR&$690k Unit = Total $1.17M
- Net Income: $ 146,181
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 690,000
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?