Upmarket Holiday Building in Cotton Tree

$2,590,000

Resort / Holiday management rights, Maroochydore QLD

Located in the heart of the Sunshine Coast, 10 km from Sunshine Coast Airport and just half an hour from Noosa.Rovera overlooks the Maroochydore River and being only 100 m from Maroochydore Beach, this prime Cotton Tree accommodation ensures all guests holidays are truly memorable. All apartments have the benefit of north facing ocean views from large balconies. This luxury accommodation consists of one, two or three bedroom self-contained holiday apartments in Maroochydore's ever popular holiday precinct.

This is a great management rights business suitable for first time operators or even a single person. Easy workload & low maintenance grounds with minimal gardens and a manageable letting pool.

Key Highlights:

Ideal building for newcomers or a single operator
Long agreements, 22 years to run
Simple and straight forward business model with excellent systems in place.
Superior location close to river, 100m from beachfront and close to all ammenities.
Solid existing short-term letting pool and high guest return rate
Generous Body Corporate salary
Consistent year on year growth with the opportunity for further growth for a new motivated vendor
Low maintenance grounds
Rated highly by - Situated in the best rated area in Maroochydore, this property has an excellent location score of 9.5
Excellent capital gain potential
Prestigious and stunning property
Nestled in amongst cafes, restaurants, boutiques and buzzing bars
10 minutes to Maroochydore airport
60 mins to Brisbane Airport

More Information

Financial Overview

Total Purchase Price: $2,590,000
Net Income: $ 352,864 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,000,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.5
_{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.}

Letting Business

Letting Pool: 14
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 11
_{Number of units resided in by their owners.}

Lock Ups: 3
_{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: 29
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 110,905
_{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: 22 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: Nil
_{Required Office Hours}

Complex Features: Heated PoolSpaBBQ AreaSecure Parking

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,000,000
_{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: Spacious, north-facing two-bedroom unit with an ensuite, featuring first-class fittings, air conditioning, anda large deck that offers stunning water views