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Embrace Beachfront Elegance - Exceptional Investment Prospect
$1.275M MR&$925k Unit = Total $2.2M
Resort / Holiday Management Rights, COOLUM BEACH QLD
This exquisite 3-level luxury property, located just a short stroll from the beach, vibrant shops, and popular dining spots, is positioned in the heart of Coolum Beachs thriving seaside village. Its prime location makes it an ideal gateway to the Sunshine Coast's top attractions, offering a perfect blend of coastal living and convenience. Designed by an architect, every air-conditioned apartment is outfitted with premium European appliances in fully equipped kitchens, while spacious dining and living areas are complete with flat-screen cable TVs. The beautifully designed bedrooms and modern bathrooms provide an exceptional guest experience, contributing to the high volume of repeat visitors.
The property offers a wide range of resort-style amenities, ensuring guests have ample leisure options. It features three sparkling pools, maintained weekly by a pool company paid for by the Body Corporate, and four separate BBQ areas for social gatherings. Security is provided every night, also funded by the Body Corporate, adding to the peace of mind for guests and residents alike. The manager handles approximately four hours of Body Corporate-related tasks per day. Additional amenities include relaxing spas, a tennis court, and a fully equipped gym, all set within beautifully maintained, award-winning gardens. The Body Corporate also offers a generous salary to the manager, making this an attractive opportunity. The Body corp pay for a pool company to come once a week, and a gardener , less maintenance for the new managers.
The managers residence is a standout feature, offering both luxury and practicality. It includes a spacious double lock-up garage (DLUG), a large outdoor entertaining area, two private courtyards, and a beautifully landscaped garden. These expansive living spaces provide plenty of room for entertaining family and friends, making it easy to enjoy the relaxed coastal lifestyle.
Key Financials & Features:
- Nett profit exceeding $274,234. 12.5% ROI
- Body Corporate Salary of $124,007 with low-maintenance gardens.
- 20 units in the letting pool ensuring a steady income stream.
- Central location perfect for short stays, yielding higher returns.
- Established corporate client base and high demand from returning guests.
- Real estate including office $925,000, Business : $1,275,000, Total $2,200,000
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $1.275M MR&$925k Unit = Total $2.2M
- Net Income: $ 274,234
(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.
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