Caloundra, Queensland
Bulcock Beach Business Opportunity Awaits You, Business only
Under Contract / Offer
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 $425,000, 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! Two options -Business Only- $425,000 or Total business with Unit $1,200,000 .
**Ras360 – Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $140,692 Remuneration / Body Corp Salary: $36,126
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
Key Investment Insights
1. 21-apartment, three-level walk-up complex with 12 units in the letting pool, enabling immediate rental income.
2. Net profit reported at $140,692, with additional remuneration/body corporate salary of $36,126.
3. Business-only asking price $425,000, alternative sale including unit $1,200,000.
4. Letting mix explicitly includes nine short-term and three permanent lets.
5. All apartments are two-bedroom, featuring equipped kitchens, air conditioning, ceiling fans and private balconies with views of Pumicestone Passage or the pool.
6. Resort-style guest amenities include tropical gardens, a heated pool and a spa.
7. Property benefits from an Accommodation Module agreement, 25-year term with 24 years remaining, supporting management stability.
8. Option to purchase the manager’s residence, facilitating on-site management if desired.
9. Prime location mere metres from Bulcock Beach, adjacent to Kings Beach and the newly developed multi-million dollar Waterfront boardwalk, described as a holiday hotspot.
10. Complex composition details: four owner-occupied units, three outside agent units, two lockup units.
