Alexandra Headland, Queensland

Opportunity Plus

SOLD

Business Description

Perfectly positioned for a relaxing beach-side holiday. Popular with tourists, Alexandra Headland is easily accessible from the Sunshine Coast airport and close to the Maroochydore CBD and the tourist strip at Mooloolaba.

These apartments feature excellent ocean views. The complex facilities include a heated pool, spa, barbecue area and secure basement parking.

This complex offers stylish accommodation for couples and corporate travellers with panoramic ocean views. This is class 3 building which limits owner occupation; significant upside here with 11 units outside the rental pool. Excellent opportunity for capital gain.

Property facilities include:
- Swimming Pool
- Spa
- Cable TV
- Security Undercover Parking
- WI-Fi
- BBQ Facilities
- Lift Access
- Opposite Beach

Business Summary

Business Snapshot

Price: SOLD Net Profit: $190,600 Remuneration / Body Corp Salary: $57,947

Managers Unit

Value of Managers Apartment: $680,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

The three bedroom managers unit has an appealing open plan design. The living areas are spacious and are open to the main bedroom and ensuite. The kitchen comes with plenty of storage, while there is a separate laundry and a large outdoor garden area that offers ocean views.

Complex Information

Complex Type: n/aTotal Units in Complex: 34Total Units in Letting Pool: 22Outside Agent Units: 4Lockup Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesPay TV: Yes

Marketing Agent

Matt Campbell

0410 34....

Matt Campbell

0410 34....

Resort Management Sales

Key Investment Insights

1. Prime location in a popular tourist destination, easily accessible from the airport and close to other attractions.
2. Stunning ocean views from the apartments.
3. Excellent complex facilities including a heated pool, spa, and BBQ area.
4. Potential for capital gain with 11 units outside the rental pool.
5. Class 3 building limits owner occupation, ensuring a steady stream of rental income.
6. Managers unit features open plan design, spacious living areas, and outdoor garden with ocean views.
7. Large number of units in the letting pool, providing a steady source of income.
8. Long agreement term remaining, providing stability for the business.
9. Additional income from remuneration/body corporate salary.
10. Pet-friendly complex.
11. High demand for stylish accommodation from couples and corporate travelers.
12. Opposite the beach, making it an attractive option for holidaymakers.
13. Secure basement parking for guests.
14. Lift access for convenience.
15. Wi-Fi and cable TV available for guests.
16. Potential for growth and expansion through marketing and promotions.

Management Rights Multiplier: 5.17
ROI Estimate: 19.35%