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Under Contract
$975,000
Resort / Holiday management rights, Golden Beach QLD
Golden Beach - Sunshine Coast - Holiday Resort Management Rights
Please note that the unit photos shown in this ad are of the Managers Unit.
This is the perfect opportunity for those looking to get into Management Rights or wanting a semi-retirement income, while enjoying a gorgeous three-bedroom waterfront apartment.
This well-established holiday letting business with building caretaker rights, is located within the vibrant enclave of Golden Beach in Caloundra, on Queensland's stunning Sunshine Coast. Popular with guests it has recently received a 9.1out of 10 rating from Booking.com in their "Traveller Review Awards 2023".
Located at the southern end of the Sunshine Coast, the complex is only 30 minutes from the Sunshine Coast Airport and 1 hour 15 minutes from Brisbane airport, making it very accessible for interstate and overseas visitors. The complex overlooks the waters of The Pumicestone Passage and out beyond Bribie Island. With local shops only 250m away and the beach and children's playground across the road, the business has a very strong guest-base who drive from regional Queensland. Guests love the convenience of leaving their car in the garage and walking everywhere.
There are 18 apartments in the complex, with seven in the letting pool (six holiday and one permanent), offering spacious two and three bedroom-apartments all with a huge balcony, a fully equipped kitchen and laundry, air-conditioning and ceiling fans. Plus, the complex offers:
Heated Swimming Pool
Outdoor BBQ facilities
Underground Security Parking and Car Wash Bay
Wi-Fi, CCTV and Intercom
Lift from basement to all levels
The large ground-floor three-bedroom Manager's apartment offers pretty water views from its front patio, plus a large rear patio that provides direct access to a quiet communal garden.
The apartment's large master bedroom has an ensuite and luxurious WIR, plus the other bedrooms have high quality built-in wardrobes. The flooring is a combination of bamboo boards plus new light grey wool carpet. The light grey walls, white shutters, sleek gallery style black lighting, plus stone topped kitchen continue the luxurious feel. It has a combination of air-conditioning and fans throughout. One secure underground lock-up garage comes with the apartment.
An office is located on the Manager's Lot Title, for the benefit of the holiday-letting business. There is however, no requirement in the Caretaking Agreement for the Manager to provide an office or set opening times for Body Corporate requirements or residents.
Body Corporate Levies:$7,359.65 pa
Council Rates:$2,621.32 pa
Opportunity Benefits:
Have the beach lifestyle you've dreamed of
Set your own business and office hours
Structure the caretaker work and bookings to suit your requirements
Easy building and grounds to maintain
Very supportive Body Corporate Committee and Residents
Healthy Administrative and Sinking Funds
Supportive Management Rights Community on the Sunshine Coast
More Information
- Total Purchase Price: $975,000
- Net Income: $ 156,292
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 0.5
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.
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?