Queensland's glorious Sunshine Coast has become one of Australia’s favourite vacation destinations, and the holiday apartment complex Beachside Mooloolaba – as the name suggests – is perfectly positioned.
Due to its sheltered location, Mooloolaba’s all-weather harbour is favoured by recreational sailors, and its esplanade facing Mooloolaba beach is a centre for tourist activity, containing, bookshops, galleries and restaurants as well as souvenir and clothing shops.
The Sea Life marine park, just 200 metres from the apartment complex, is a world-class marine mammal park, oceanarium and wildlife sanctuary, as well as a rehabilitation centre for turtles, seals, and other sea creatures.
The wonderful Mooloolaba Beach, just 95 kilometres north of Brisbane, is one of the best in Australia, and was recently named in the Top 10 beaches in the South Pacific.
It is a golden magnet for tourists and the town is also home to the Mooloolaba Triathlon and the Sydney to Mooloolaba Yacht Race.
Beachside Mooloolaba contains 30 one-bedroom holiday apartments, with 19 in the letting pool.
Management rights are on sale for $1,449,000. There is a hefty profit of $246,000, and the body corporate salary is $50,437.
The two-bedroom manager’s unit, which has a great outdoor space, is valued at $530,000, and there are 20 years remaining on the term.
The complex offers guests a heated pool, heated spa, library, BBQ area, and secure undercover parking.
Beachside Mooloolaba is being marketed by Barry Alleway from Think Management Rights. He literally knows the complex inside out.
“It was actually the first management rights building I had as a manager,” Mr Alleway said. “The first building I ran. I sold it in 2005 to the same people who have it now and it’s been a wonderful business for them.
“It’s a great location, just one block from the beach and with everything close by.
“Mooloolaba is a beautiful spot and the Sunshine Coast is such a drawcard for people on holidays.”
Beachside Mooloolaba prides itself on being a secluded oasis providing an atmosphere of relaxation and tranquillity. The apartments are fully self-contained and within easy walking distance to all of Mooloolaba’s wonderful attractions.
And while it is the perfect beachside location, a short drive away are Maleny and Montville in the scenic hinterland of the Glasshouse Mountains, offering a totally different landscape and vibe.
Mooloolaba is bounded by the Coral Sea, the Mooloolah River, Alexandra Headland and Buderim. The town’s name derives from the Aboriginal word “mulu”, meaning snapper fish.
Its harbour, near the mouth of the Mooloolah River, is home to a large fleet of fishing vessels, as well as being the northern base for the pilot vessels that control shipping through Moreton Bay and the Port of Brisbane.
The town was originally known as Mooloolah Heads, but the name was changed to Mooloolaba by developer Thomas O'Connor in 1919 when he subdivided land for sale there.
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