PRIME POSITION - OPPOSITE BEACH

$3,350,000

Resort / Holiday management rights, Sunshine Beach QLD

Prime, prime position, opposite the beach, adjacent to surf club, cafes, restaurants in a trendy Noosa beach enclave.
This outstanding short-stay management rights opportunity comes with a stable letting pool, easy caretaking duties and a favorable body corporate salary.
Set amongst tropical landscaped gardens in an elevated beachfront setting, the stylish apartments are located in a blue-chip position.
All apartments are ocean facing with one or two bedrooms, providing a perfect vacation environment.
A rare opportunity to purchase a business that has a very stable letting pool, no owner occupiers (manager only) and a high level of repeat business resulting in consistently strong occupancy.
This business is certainly one to take advantage of if youre looking for an established and easy-to-maintain management rights business or if you are an experienced operator looking for a new challenge.
In addition to the above the managers apartment is one of the best we have seen. Superb fit-out with stunning ocean views.

Key features:
- No owner occupiers
- Turnkey business opportunity with high occupancy year round
- Perfect entry-level building for a management couple/team
- Zoned holiday/short term letting
- Stunning two bedroom, two-bathroom managers residence with ocean views
- Minimal facilities on-site keeping caretaking duties to an easy workload
- Superior beach-side location close to all amenities
- Solid body corporate salary and room for growth in letting pool

More Information

Financial Overview

Total Purchase Price: $3,350,000
Net Income: $ 382,234 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,600,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.6
_{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: 16
_{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: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 20
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 78,371
_{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: 23 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: As per agreements
_{Required Office Hours}

Complex Features: Heated Pool, bbq area, tour desk, secure parking

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,600,000
_{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: No
_{Can the manager own a pet on site?}

Unit Features: Step into the managerâs residence, a magnificent, spacious two-bedroom, two-bathroom apartment designed for comfort and style. Rarely do we see a unit of this caliber. Enjoy the natural light pouring through large picture windows and relax on the expansive balcony, which offers panoramic ocean views stretching from Noosaâs national park all the way to Coolum â the perfect setting for alfresco dining and entertaining.This fully air-conditioned unit ensures year-round comfort and convenience. With a separate laundry and tiled floors throughout high-traffic areas, practicality meets elegance in every corner. A single car park is included on title, providing secure and easy access.Elevate your business operations in the large, refurbished office/reception area located on level one at the entrance of the property. This professional space includes two desks, built-in storage, and shelving, ensuring secure and seamless access to all operational needs.