Coolangatta, Queensland

Live in a Renovated Beachfront Unit Caretaking Only in the Heart of Coolangatta.

$150k MR & $1.35M Unit = Total $1.5M

Business Description

Ras360 is excited to introduce this charming oasis located in the highly sought-after area of Coolangatta. Aries Apartments can be managed by a single operator or with ease by two people. Minimal grounds management features a pool with an elevated deck and boasts a recently renovated manager's unit, making it an absolute delight to oversee.

With accommodation agreements already in place, a stable body corporate salary, and a growing business, this opportunity is perfect for newcomers to the industry or those seeking semi-retirement in a highly desirable location. Coolangatta, Queensland's southernmost coastal town, serves as the gateway to the Gold Coast and Northern New South Wales. Positioned on the border adjacent to its twin town of Tweed Heads, Coolangatta is an ideal location to enjoy a peaceful and rejuvenating holiday while being within minutes of the excitement of the Gold Coast.

Coolangatta is renowned for being one of the Gold Coast's most stunning beaches, featuring the world-famous surf break, Snapper Rocks, known for hosting the annual Quicksilver and Roxy Pro, the first event of the year on the ASP World Surfing Tour. It is also a preferred surfing spot for local world champions such as Mick Fanning, Joel Parkinson, and Stephanie Gilmore, who take pleasure in surfing their own 'local' break when they are at home.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $150k MR & $1.35M Unit = Total $1.5M Net Profit: $44,906 Remuneration / Body Corp Salary: $44,906

Managers Unit

Value of Managers Apartment: $1,350,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 21Total Units in Letting Pool: 8Owner Occupy Units: 5Outside Agent Units: 4Lockup Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 12 years

Marketing Agent

Paul Mueller

0439 25....

Kerrie Lush

0416 08....

Ras360

Key Investment Insights

1. Highly sought-after location in Coolangatta, a popular coastal town on the Gold Coast.
2. Option for single operator or two people to manage the business.
3. Minimal grounds management with a pool and recently renovated manager's unit.
4. Accommodation agreements already in place, providing stable income.
5. Potential for growth and a growing business.
6. Ideal for newcomers to the industry or those seeking semi-retirement.
7. Coolangatta is known for its stunning beaches and world-famous surf break, Snapper Rocks.
8. Proximity to the Gold Coast and Northern New South Wales adds to the appeal of the location.
9. Specialist in management rights, motels, hotels, pubs, and parks.
10. Total price of $1.5M includes $150k for management rights and $1.35M for the unit.
11. Net profit of $44,906 with remuneration/body corp salary of the same amount.
12. Manager's unit valued at $1,350,000 with 2 bedrooms, 2 bathrooms, and 1 car space.
13. Complex type is permanent with a total of 21 units, 8 in the letting pool.
14. 5 owner-occupied units, 4 outside agent units, and 3 lockup units.
15. Agreement term of 25 years with 12 years remaining.

Management Rights Multiplier: 3.34
ROI Estimate: 29.94%