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%
