Caloundra, Queensland

Short Stroll to the Beach

SOLD

Business Description

Sunshine Coast is known for its incredible coastline, numerous attractions and fantastic seafood, and the southern seaside village of Caloundra is considered one of the region’s premium destinations.

Caloundra has established itself as a favourite holiday base for couples and families who love the relaxed atmosphere of the region.

Here we have a well-kept building, with one of the best managers units around and only a short stroll to the beach.

Easy one-person operation with the potential to increase the net profit by doing the cleaning.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $134,250 Remuneration / Body Corp Salary: $58,940Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $675,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Letting Pool: 11Lockup Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 17 years yearsPool: Yes
Marketing Agent
Matt Campbell
Matt Campbell

Barry Davies
Barry Davies

Resort Management Sales

Resort Management Sales

Key Investment Insights

1. The business is located in the popular seaside village of Caloundra, known for its relaxed atmosphere and attractions.
2. The building is well-maintained and the manager's unit is considered one of the best in the area.
3. The business has potential for growth, as the current owner operates it as a one-person operation and there is potential to increase profits through cleaning services.
4. The net profit for the business is $134,250 and the remuneration/body corp salary is $58,940.
5. The managers unit is valued at $675,000 and has 3 bedrooms, 2 bathrooms, and an office.
6. The complex is a holiday type and has a total of 11 units in the letting pool, with 3 lockup units.
7. The agreement term is for 25 years, with 17 years remaining.
8. The complex has a pool for guests to enjoy.
9. The body corp salary is reviewed annually and is based on CPI.
10. The business is only a short stroll to the beach, making it an attractive location for guests.

Management Rights Multiplier: 3.58
ROI Estimate: 27.97%

Listing location
Gallery

This Business is sold

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