Mooloolaba Riverfront Beauties

$2,150,000

Resort / Holiday management rights, Mooloolaba QLD

This stunning business is located in a beautiful spot on the Mooloolaba riverfront just a short walk to the centre of the Sunshine Coast.

This management rights business comprises two buildings, side by side which are streamlined in operation for the ideal tropical lifestyle.

It is a charming riverfront double complex where guests facilities also include a barbecue area and two pools, plus undercover parking.

The Managers residence is an expansive three -bedroom, two-bathroom apartment seconds across from the beautiful Mooloolaba river. It has an adjoining office on title and huge outdoor garden and terrace with views to the river.
A good body corporate salary, no outside agents, and room for growth make this business a must see.
Strategic Investment advantages:
Prime riverfront location in Mooloolaba, a short walk to the Sunshine Coast centre, offering strong location appeal for holiday guests.
Listed price $2,150,000 with reported net profit $260,000, indicating a solid return profile.
Managers remuneration/body corporate salary $102,205, reviewed annually to CPI, providing stable recurring income for the operator.
Managers residence valued at $1,200,000, three bedrooms, two bathrooms, office on title, large garden and terrace with river views, supporting live-in management and asset value.
Two side-by-side buildings streamlined for operation, suggesting operational efficiency and lifestyle alignment with tropical holiday market.
Holiday complexes total of 42 units, 25 units in the letting pool and 16 owner-occupied, indicating a sizeable managed inventory and demand mix.
Long-term agreement structure, 25-year original term with 17 years remaining, providing contractual stability for ongoing management rights. Second building has a new standard module, with the maximum ten years to run.
Guest facilities include two pools, barbecue area, undercover parking, pay TV and Wi-Fi, enhancing guest amenity offering and competitiveness.
No outside agents and noted room for growth, implying potential to increase net income through improved marketing or expanded letting.
Managers apartment is pet-friendly and includes one car space, adding tenant flexibility and market appeal for live-in management.
ROI Estimate is 27.37%.

More Information

Financial Overview

Total Purchase Price: $2,150,000
Net Income: $ 260,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,200,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.7
_{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: 24
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 10
_{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: 42
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 102,205
_{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: 17 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: Facilities include a barbecue area and two pools, plus undercover parking.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,200,000
_{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: Yes
_{Can the manager own a pet on site?}

Unit Features: An expansive three bedroom, two bathroom apartment directly across from the Mooloolaba River. Adjoining office with dual access on title, plus huge outdoor garden and terrace with views to the river.