Caloundra, Queensland

Right on the Waters Edge asking $650k

SOLD

Business Description

Neat complex right on the water’s edge plus close to all shops and restaurants. Would suit first time operators.

The managers here have exclusive use office that has the best waterfront views on the Sunshine Coast.

Two bedroom managers unit with water views. Long agreements, easy care grounds in an enviable waterfront location.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $110,703 Remuneration / Body Corp Salary: $26,104Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $440,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Excellent water views from the balcony.

Complex Information

Complex Type: HolidayTotal Units in Complex: 18Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 4Lockup Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesBBQ Area: Yes

Marketing Agent

Matt Campbell

0410 34....

Barry Davies

0438 55....

Resort Management Sales

Key Investment Insights

1. Neat complex with easy care grounds
2. Exclusive use office with waterfront views
3. Two bedroom managers unit with water views
4. Long agreements with remaining term of 19 years
5. Body corporate salary review of CPI annually
6. Excellent location right on the water's edge
7. Close to shops and restaurants
8. Would suit first time operators
9. Total of 18 units in complex with 10 in the letting pool
10. Holiday complex with 10 holiday units
11. Owners can have pets
12. Complex includes pool and BBQ area.

Management Rights Multiplier: 1.90
ROI Estimate: 52.72%