Caloundra, Queensland

In the Heart of Caloundra

SOLD

Business Description

Ideally located in the heart of Caloundra with cafes, shops, restaurants, boutique shopping, safe swimming beach access and a range of water sports just a moment’s stroll away.

Modern 1, 2 and 3 bedroom apartments have magical ocean views offering the best of Caloundra accommodation and a holiday experience like no other.

Management Rights businesses of this size are hard to come by in the current market and this one will not last long. This property has enjoyed consistent returns here over a long period of time due to its location.

Property facilities include:

- Swimming Pool and Wading Pool
- Sauna and Spa Pool
- Pool-side BBQ
- Relaxed garden area
- Secured Parking
- Wi-Fi
- Cable TV (Foxtel)
- Lift/Elevator

Business Summary

Business Snapshot

Price: SOLD Net Profit: $439,719 Remuneration / Body Corp Salary: $109,000

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Complex: 70Total Units in Letting Pool: 47Owner Occupy Units: 15Outside Agent Units: 7Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 23 yearsSpa: YesSauna: YesPay TV: Yes

Marketing Agent

Barry Davies

0438 55....

Barry Davies

0438 55....

Resort Management Sales

Key Investment Insights

- Located in the heart of Caloundra with easy access to cafes, shops, restaurants, and water sports activities
- Modern 1, 2, and 3 bedroom apartments with ocean views
- Consistent returns over a long period of time due to prime location
- Property facilities include swimming pool, wading pool, sauna, spa pool, BBQ area, and secured parking
- Additional amenities such as Wi-Fi and cable TV (Foxtel)
- Lift/elevator for easy access
- Management Rights business with a net profit of $439,719 and a remuneration/body corp salary of $109,000
- Managers unit with a value of $550,000, 3 bedrooms, 2 bathrooms, and 1 car space
- Complex type: holiday with a total of 70 units and 47 units in the letting pool
- Agreement term of 25 years with 23 years remaining
- Additional features include a spa, sauna, and pay TV.

Management Rights Multiplier: 5.46
ROI Estimate: 14.91%