Caloundra, Queensland

Holiday Management Rights at Caloundra Overlooking Happy Valley Beachfront and Pumicestone Passage - 1P5599MR

Management Rights $1,295,000

Business Description

Two complexes side by side, only one apartment to purchase. This package is in pole position to start your new short term holiday management and letting rights business career.

Located just a short walk from Caloundra Street Fair Sunday Market, this pair of complexes with a total of 36 self-contained and refurbished apartments, provides the guest with the quiet ambience of a restful beachside holiday. Cinema, liquor barn, numerous restaurants are all on the same street and cater to the full range of holiday needs.

This is a Standard Module MLR Business opportunity.

TOTAL NUMBER OF UNITS : 36
UNITS IN LETTING POOL : 24
NET PROFIT : $211,278

MANAGER'S RESIDENCE : 1 bedroom, 1 bathroom, 1 car space

REAL ESTATE PRICE : $520,000
BUSINESS PRICE : $775,000
TOTAL ASKING PRICE : $1,295,000

Business Summary

Business Snapshot

Price: Management Rights $1,295,000 Net Profit: $211,278 Remuneration / Body Corp Salary: $59,674Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $520,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 36Total Units in Letting Pool: 25Owner Occupy Units: 2Outside Agent Units: 4Lockup Units: 6Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: YesPay TV: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Sunshine Coast
Marketing Agent

Key Investment Insights

1. Two complexes side by side, offering a unique opportunity to purchase both in one package.
2. Prime location overlooking Happy Valley Beachfront and Pumicestone Passage.
3. Short walk to Caloundra Street Fair Sunday Market and other amenities such as cinema, liquor barn, and restaurants.
4. 36 self-contained and refurbished apartments, providing a quiet and restful beachside holiday experience for guests.
5. Standard Module MLR Business opportunity.
6. 24 units in the letting pool, providing a steady income stream.
7. Net profit of $211,278.
8. Manager's residence with 1 bedroom, 1 bathroom, and 1 car space.
9. Real estate price of $520,000 and business price of $775,000, with a total asking price of $1,295,000.
10. Manager's apartment valued at $520,000.
11. Complex type is holiday, with a total of 36 units.
12. 25 units in the letting pool, with 2 owner-occupied units and 4 units managed by outside agents.
13. Agreement module is standard with a remaining term of 8 years.
14. On-site pool and pay TV available for guests.
15. Other features include management rights and a prime location on the Sunshine Coast.

Management Rights Multiplier: 3.67
ROI Estimate: 27.26%

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