Caloundra, Queensland

Bulcock Beach Business Only - ID 9041

Under Contract / Offer

Business Description

UNDER CONTRACT
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
Meagan Monk

Property Code: 533

Business Summary

Business Snapshot

Price: Under Contract / Offer 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

Key Investment Insights

1. The business for sale is an attractive 3 level walk-up holiday complex located in the heart of Caloundra, a popular Sunshine Coast destination.
2. The complex features 21 apartments, with 11 currently in the letting pool.
3. The apartments are spacious 2 bedroom units with well-equipped kitchens, air conditioning, and private balconies overlooking Pumicestone Passage or the pool.
4. The complex has lovely tropical gardens surrounding a heated pool and spa.
5. The business operates under an Accommodation Module agreement.
6. The manager's residence is available for purchase if desired.
7. The complex is conveniently located just meters away from Bulcock Beach and a short stroll from Kings Beach.
8. The net profit for the business is $156,834.
9. The asking price for the business is $627,000, not including the manager's real estate.
10. The manager's apartment is valued at $610,000 and features 2 bedrooms, 2 bathrooms, 2 balconies, and one parking space.
11. The complex is primarily a holiday complex, with 21 units in total and 11 in the letting pool.
12. The current agreement term is 25 years, with 20 years remaining.
13. The complex includes amenities such as a pool, spa, and BBQ area.

Management Rights Multiplier: 0.11
ROI Estimate: 922.55%

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