Dual Key Complex

$1,150,000

Resort / Holiday management rights, Coolum Beach QLD

Rare opportunity to purchase a "Dual Key" complex on the Sunshine Coast. Currently most Units are longer term rentals, that could be converted to short term letting, thereby increasing the profit.

Great quiet location, great opportunity to increase the Letting Pool.

More Information

Financial Overview

Total Purchase Price: $1,150,000
Net Income: $ 92,755 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 850,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.2
_{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: 8
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 43
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 52,797
_{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: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 18 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Secluded Complex, just North of Coolum Beach. Complex is very rare with 21 Dual Key Units, consisting of a 1 Bedroom and a Studio. Can be sold as a 2 Bedroom also. Great flexibility. Generous Pool, Spa, as well as 3 BBQs.

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 850,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 0

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: Very spacious 2 storey, with a very spacious, Office attached, including a back office. Currently setup as 4 bedrooms, 2 Bathroom and a large laundry.