Caloundra, Queensland
Management Rights Opportunity – Tranquil Shores, Caloundra
$450,000
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: $450,000
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 location overlooking Pumicestone Passage and steps from popular tourist attractions.
2. Strong net profit of $140,692.
3. Long 25-year accommodation module agreement in place.
4. Body Corporate remuneration of $33,687 + GST.
5. Option to purchase the manager's unit in addition to the business.
6. Facilities include a heated pool, spa, BBQ area, secure parking, and lush gardens.
7. Business price of $450,000 with an optional real estate price of $750,000.
8. Mixed complex with a total of 21 units.
9. 12 units in the letting pool (9 holiday, 3 permanent).
10. 3 owner-occupied units and 3 units managed by outside agents.
11. 2 lockup units and 1 manager unit.
12. Accommodation agreement module in place.
13. 24 years remaining on the agreement term.
14. Amenities such as a pool, spa, and BBQ area are available for guests to enjoy.
