FOUR COMPLEXES LOCATED IN SOUGHT AFTER MOOLOOLABA/ALEXANDRA HEADLAND!!

$753,000

Resort / Holiday management rights, Mooloolaba QLD

An extraordinary opportunity beckons with the acquisition of management rights for four complexes, strategically located in the highly sought-after rental hub of Mooloolaba/Alexandra Headland on the Sunshine Coast. This gem promises lucrative returns for a discerning manager with minimal hours required. Features a caretaking-only role for the complexes with no set hours, no obligation to reside on-site, or invest in any additional real estate. These contemporary buildings offer a consolidated Body Corporate (BC) salary of $169,219 across all four schemes, ensuring a lucrative income.

More Information

Financial Overview

Total Purchase Price: $753,000
Net Income: $ 164,571 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 0
_{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.}

Letting Business

Letting Pool: TBC
_{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: 116
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 169,219
_{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: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 9 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Secure lift access to all apartmentsLarge two and three bedroom apartments with two bathroomsStudy room with built in desk and cupboardsStainless steel European appliancesLarge king size master bedroomsSpacious modern master ensuitesBoutique European kitchen designsTwo car spaces to most apartmentsPet friendlyRooftop recreational facilities including aqua jet swimming pool, bbq area, common gymnasium and steam roomExtensive ocean views