With long agreements, 20-year agreement term remaining, and a generous body corporate salary, this $2.15m Alexandra Headland property will soon be snapped up.
Alexandra On The Pacific presents as a solid business that boasts stunning views and room for cashflow to grow. Net profit is listed as $281,955 and body corporate salary is listed as $48,361.
Apartments on the site are spacious, well-appointed and range in size from one-bedroom to three-bedroom, catering to a range of target markets. Couples, families and other guest-types relish in the expansive, elevated views offered from the highest point in Mooloolaba and one of the best surfing breaks on the coast.
The managers’ unit is especially spacious, with three bedrooms, two bathrooms and an office that is attached and on-title.
“The business is easy to run,” revealed Resort Management Sales director Matt Campbell, “with procedures in place that allow the manager to have a good work/life balance.
“The agreements are long and the body corporate salary is generous,” which are “two requirements that financiers like in a management rights business”.
Perhaps most temptingly, “There is excellent scope to build the business and improve cashflow, which could be supplemented by taking on the caretaking duties to the un-managed complex next door.”
ARMS recently sold the management rights to two nearby resorts: Headland Tropicana and Alexandria Resort. Matt told Accom Properties: “We believe we are well credentialed to sell the rights Alexandra On The Pacific.”
The holiday complex has 42 apartments with 24 in the letting pool and facilities including two heated swimming pools, a spa, a sauna, a gym, wifi, barbecue facilities, a games room and lift access.