Caloundra, Queensland

Substantial Caloundra Resort

$5,210,000

Business Description

Serious income, a superb residence and the coastal lifestyle that makes Caloundra so appealing.

An opportunity to take the reins of an established MR in a 101-apartment resort, complete with a generous three-bedroom manager’s residence. Bulcock Beach, Kings Beach and the Caloundra town centre are close at hand, placing coastal walks, cafés and restaurants within easy reach of both guests and the incoming operator. The commercial appeal is every bit as strong as the location. The letting income is complemented by a healthy Body Corporate remuneration, with the business delivering a net profit $674,498.

The manager’s residence offers the space to settle in and enjoy the location. Open-plan living extends to two balconies, while partial ocean views provide a daily reminder of the coastal setting. With reception and office space on the same title, home and business each have their own place.

For the right owner, this is a chance to acquire a substantial resort business and enjoy the best of Caloundra from your own doorstep.

Key highlights:
• $201,150 Body Corporate remuneration excl GST
• All labour outside the two-person management team is included in the P&L.
• 674,498 adjusted net profit
• Superb three-bedroom, two-bathroom residence with two balconies and partial ocean views.
• Reception and back office on title, together with parking and storage.
• Just under 23 years remaining across the current agreement term
• Resort facilities include pools, a spa, tennis court, gym, sauna and steam room.

Business Summary

Business Snapshot

Price: $5,210,000 Net Profit: $674,498 Remuneration / Body Corp Salary: $201,150Business Value: $3,710,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,500,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 101Total Units in Letting Pool: 41Owner Occupy Units: 47Lockup Units: 12Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Adam Langer

0468317....

Resort Management Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Established management rights business in a 101 apartment holiday resort, with adjusted net profit of $674,498.
2. Body Corporate remuneration of $201,150 excluding GST, reviewed annually in line with CPI.
3. Three bedroom, two bathroom manager’s residence with open plan living, two balconies and partial ocean views.
4. Reception and back office are on title, supported by two car spaces, storage and a dedicated manager’s unit.
5. Current agreement has just under 23 years remaining across the 25 year term.
6. Two person management team, with all other labour included in the profit and loss.
7. Resort facilities include pools, spa, tennis court, gym, sauna, steam room, BBQ area and WiFi.
8. Close to Bulcock Beach, Kings Beach and Caloundra town centre, with coastal walks, cafés and restaurants nearby.
9. The $5,210,000 purchase includes a manager’s apartment valued at $1,500,000.
10. Pets are permitted, adding flexibility for the incoming operator’s residence.

Management Rights Multiplier: 5.50
ROI Estimate: 12.95%