Caloundra, Queensland
Management Rights Opportunity – Tranquil Shores, Caloundra
$425,000
Business Description
1Agency Letting & Management Rights is proud to present the management rights to Tranquil Shores, a boutique holiday apartment resort in the heart of Caloundra on the Sunshine Coast.
Highlights:
Prime location overlooking Pumicestone Passage, steps from Bulcock Street & The Waterfront boardwalk
12-apartment letting pool (9 holiday, 3 permanent)
Strong net profit: $140,692
Long 25-year accommodation module agreement (exp. 2049)
Body Corporate remuneration: $33,687 + GST
Business can be purchased as a stand-alone opportunity, with the option to also acquire the manager’s unit if required
️ Facilities include heated pool, spa, BBQ area, secure parking & lush gardens.
Business Price: $450,000
Optional Real Estate: $750,000
Enquiries: Mark McKay – ----------
Business Summary
Business Snapshot
Price: $425,000
Net Profit: $140,692 Remuneration / Body Corp Salary: $6,576
Complex Information
Complex Type: MixedTotal Units in Complex: 21Total Units in Letting Pool: 12Owner Occupy Units: 3Outside Agent Units: 3Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesBBQ Area: Yes
Key Investment Insights
1. Prime waterfront location overlooking Pumicestone Passage, steps from Bulcock Street and The Waterfront boardwalk, strong tourist and amenity appeal.
2. Boutique 12-apartment letting pool comprising nine holiday and three permanent letting units, suitable for a holiday-management focus.
3. Mixed-use complex with 21 total units, three owner-occupy units, three outside-agent units, two lockup units and one manager unit, indicating limited supply and management control.
4. Strong reported net profit of $140,692, signalling healthy cashflow for an owner-operator.
5. Long-term 25-year accommodation module agreement in place (expiry 2049), with approximately 24 years remaining, providing contract stability and income visibility.
6. Body Corporate remuneration listed as $33,687 plus GST in the main listing, with an alternative figure of $6,576 shown in the business snapshot, requiring clarification by buyer.
7. Business offered as a stand-alone management rights opportunity, with the option to also acquire the manager’s unit if required, giving flexibility on capital structure.
8. Optional real estate component priced at $750,000, enabling full ownership of management rights plus the manager’s residence.
9. Onsite facilities include a heated pool, spa, BBQ area, secure parking and lush gardens, enhancing guest experience and rental appeal.
10. Business price displays inconsistent figures in the listing, shown as $450,000 in the highlights and $425,000 in the snapshot, necessitating price confirmation.
