Caloundra Beachfront

$1,295,000

Resort / Holiday management rights, Caloundra QLD

We are pleased to exclusively present the management rights business opportunity for Joanne Apartments, a highly sought-after holiday haven located in the picturesque coastal town of Caloundra.

With panoramic views taking in the sparkling Pacific Ocean, Pumicestone Passage and tropical parkland precinct, Joanne Apartments features 36 high quality, light-filled apartments boasting open plan living areas and private balconies that encourage the flow of sea breezes.

Offering an enviable easy care lifestyle opportunity in an ultra-convenient locale, it is a short stroll to the beach, park lands, transport and cafes and close to the bustling hub of Caloundras CBD.

Key highlights:
Superior location close to CBD and all amenities
Solid existing short-term letting pool and high guest return rate
Generous body corporate salary and room for growth in letting pool
Ideal building for a start-up or experienced management couple

More Information

Financial Overview

Total Purchase Price: $1,295,000
Net Income: $ 211,278 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 550,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.5
_{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: 4
_{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: 5
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 36
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 59,674
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 9 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Two resort-style swimming pools, one is heated during winter,Television with Foxtel,Free wifi,Secure undercover parking

Real Estate Component

Manager's Unit: 1 1

Included Real Estate: $ 550,000
_{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: No
_{Can the manager own a pet on site?}

Unit Features: Perfect for a couple, the managerâs unit is a spacious one-bedroom apartment, located on the ground floor of the complex, featuring a large open plan living area and well-designed bathroom. The home is air-conditioned and offers a sunny outdoor patio for alfresco dining. Developed originally from the managerâs apartment, the air-conditioned reception/office offers a professional welcome and business hub for the property. Linen storage and office inventory is available.