Caloundra, Queensland

Bulcock Beach Business Only - ID 9041

$627,000

Business Description

In the Heart of Caloundra

- Attractive 3 level walk up holiday complex
- 21 apartments with 11 in the letting pool
- Spacious 2 bedroom apartments, well equipped kitchens, air conditioning and ceiling fans
- All apartments have private balconies overlooking Pumicestone Passage or pool
- Lovely tropical gardens surround sparkling heated pool and spa
- Accommodation Module agreement
- Option to purchase Manager's residence if required

Conveniently located only metres away from Caloundra's famous Bulcock Beach, an ever popular Sunshine Coast destination. The area features a new multi-million dollar boardwalk, called the 'Waterfront'. Another of Caloundra's most popular beaches, Kings Beach, is just a short stroll away.

Net Profit: $156,834
Asking Price: $627,000
(Not inclusive of manager's real estate)

For further information or to arrange an inspection of this Sunshine Coast Management Rights business for sale contact:

Management Rights Broker
Michael Philpott

Property Code: 533

Business Summary

Business Snapshot

Price: $627,000 Net Profit: $156,834 Remuneration / Body Corp Salary: $36,126

Managers Unit

Value of Managers Apartment: $610,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: No

Optional to purchase - 2 bedrooms, 2 bathrooms, 2 balconies, Open plan living, One parking space and storage

Complex Information

Complex Type: HolidayTotal Units in Complex: 21Total Units in Letting Pool: 11Owner Occupy Units: 3Outside Agent Units: 3Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Michael Philpott

MR Sales

Key Investment Insights

1. Attractive 3 level walk up holiday complex with 21 apartments and 11 in the letting pool.
2. Spacious 2 bedroom apartments with well-equipped kitchens, air conditioning and ceiling fans.
3. Private balconies in all apartments overlooking Pumicestone Passage or pool.
4. Lovely tropical gardens surrounding a heated pool and spa.
5. Accommodation Module agreement.
6. Option to purchase Manager's residence if desired.
7. Conveniently located just meters away from Caloundra's famous Bulcock Beach.
8. Short stroll to Kings Beach.
9. Net profit of $156,834.
10. Asking price of $627,000 (not inclusive of manager's real estate).
11. Remuneration/Body Corp Salary of $36,126.
12. Manager's unit valued at $610,000.
13. 2 bedrooms, 2 bathrooms, 2 balconies, open plan living, one parking space and storage.
14. Complex type is holiday with a total of 21 units.
15. 11 units in the letting pool, 3 owner-occupied units, 3 outside agent units, 3 lockup units, and 1 manager unit.
16. Accommodation Module agreement with a term of 25 years and 20 years remaining.
17. Amenities include a pool, spa, and BBQ area.

Management Rights Multiplier: 0.11
ROI Estimate: 922.55%