Big Income Opportunity - ID 9141

$3,050,000

Resort / Holiday management rights, Golden Beach QLD

Sunshine Coast Management Rights for Sale
Beachfront Business

Live the dream with a beachfront lifestyle and a profitable business. Heres your chance to own a Management Rights Business in a premier Sunshine Coast location. Combine a fantastic lifestyle with the potential for solid returns in one of the most sought-after holiday destinations in Australia.

- Prime beachfront location with direct beach access perfect for holidaymakers!
- 91 lots with 29 in the letting pool (28 holiday & 1 permanent)
- Fully equipped 1, 2, and 3 bedroom holiday apartments with ocean views and balconies
- Resort-style amenities including: Heated swimming pool, childrens slide, spa, sauna, floodlit tennis court, games room, BBQ areas for guests to enjoy and low maintenance gardens
- Secure underground car parking and lifts for easy access
- Spacious 2 bedroom Managers apartment with a large patio and ocean views for ultimate relaxation
- Exclusive use reception and two back office areas facilitate an efficient working environment

This opportunity offers the perfect balance of lifestyle and business with a great income stream, making it an ideal choice for those looking to invest in a profitable beachfront property. Dont miss your chance to live the dream on the Sunshine Coast!

Net Profit: $421,197
Asking Price: $3,050,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $3,050,000
Net Income: $ 421,197 (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: 5.1
_{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: 29
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 39
_{Number of units resided in by their owners.}

Lock Ups: 19
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 91
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 183,619
_{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: 19 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 42 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Heated outdoor swimming pool, Spa, Sauna, Full size tennis court, Games room, BBQ facilities, In house movies, Tour bookings, Lifts, Underground secure parking, Wi-Fi

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 900,000
_{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: 0
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: The large managers apartment is something to behold with stunning water views from all bedrooms and the living area. The outdoor patio is an extension of the living space and is expansive, offering another space to unwind and take in the magical views of the ocean. The kitchen is a new addition to the apartment and includes modern appliances including a dishwasher. The apartment has two bedrooms with sliding doors directly to the outdoor patio. The master bedroom includes an ensuite and robe. The apartment features air-conditioning and fans providing year-round comfort. Pets are ok with body corporate approval and there is one car space inclusive with the managers apartment.