Caloundra, Queensland

Bulcock Beach Business Opportunity Awaits You, Business only or Business and Unit,

$450k MR & $750k Unit = Total $1.2M

Business Description

Discover remarkable investment opportunity at this enchanting three-level walk-up holiday complex, perfectly situated for both relaxation and adventure! This exceptional property boasts a total of 21 spacious apartments, with 9 short term and 3 permenant lets, currently generating income in the lucrative letting pool. This means you can start maximizing your rental income from day one!

Each generously sized two-bedroom apartment is thoughtfully designed for ultimate comfort and convenience. Enjoy well-equipped kitchens, air conditioning, and ceiling fans—ensuring that guests experience a cozy retreat year-round. Picture yourself sipping your morning coffee on your private balcony, taking in the breathtaking views of the tranquil Pumicestone Passage or the refreshing pool—this is what paradise truly looks like!

The complex is surrounded by beautiful tropical gardens, creating a serene oasis highlighted by a sparkling heated pool and a rejuvenating spa. It’s the perfect atmosphere for guests to unwind and embrace the Sunshine Coast lifestyle. Additionally, the property comes with an Accommodation Module agreement, making management smooth and providing invaluable peace of mind.

For those seeking an active role in management, there’s an enticing option to purchase the Manager’s residence, perfect for those eager to oversee their investment directly.

Conveniently located mere meters from the iconic Bulcock Beach, this complex is an attractive hotspot for holidaymakers. Immerse yourself in the vibrant ambiance of the newly developed multi-million dollar 'Waterfront' boardwalk or take a leisurely stroll to the adjacent Kings Beach—both popular destinations that draw visitors back time and again.

With a robust net profit of $140,692 and an asking price of just $1,200,000, this alluring holiday complex offers an incredible opportunity for savvy investors looking to dive into the thriving Sunshine Coast real estate market. Seize this chance to transform your dreams into reality and make this fantastic investment yours today!

**Ras360 – Specialists in Motels | Hotels | Pubs | Parks | Management Rights **

Business Summary

Business Snapshot

Price: $450k MR & $750k Unit = Total $1.2M Net Profit: $140,692 Remuneration / Body Corp Salary: $36,126

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 21Total Units in Letting Pool: 12Owner Occupy Units: 4Outside Agent Units: 3Lockup Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 24 years

Marketing Agent

Nathan Eades

0448 33....

Geoff Hatchman

0427 93....

Ras360

Key Investment Insights

1. The property is a three-level walk-up holiday complex with 21 spacious apartments.
2. The complex has 9 short term and 3 permanent let apartments, currently generating income in the lucrative letting pool.
3. Each apartment has two bedrooms and is well-equipped with kitchens, air conditioning, and ceiling fans.
4. The property boasts a heated pool, spa, and beautiful tropical gardens.
5. It comes with an Accommodation Module agreement, making management smooth and providing peace of mind.
6. There is an option to purchase the Manager's residence for those seeking an active role in management.
7. The complex is conveniently located meters from Bulcock Beach and the newly developed 'Waterfront' boardwalk.
8. The net profit for the property is $140,692, with an asking price of $1,200,000.
9. The Managers Unit is valued at $750,000 and has 2 bedrooms, 2 bathrooms, and 1 car space.
10. The complex is a resort/holiday type with a total of 21 units, 12 of which are in the letting pool.
11. The agreement term is 25 years with 24 years remaining.

Management Rights Multiplier: 3.20
ROI Estimate: 31.26%