Coolum Beach, Queensland

PRIME HIGH NET BEACHSIDE RESORT ON QUEENSLAND SUNSHINE COAST | Resort Brokers ID : MR007026

$4,349,140

Property Description

ResortBrokers are proud to exclusively present this rare opportunity to secure the management rights to this stunning property located directly across from Coolum Beach. The complex features a range of studio/motel, one-bedroom, dual key two-bedroom and one three-bedroom self-contained apartments, many featuring ocean views. Located directly across the road from the patrolled beach and The Coolum Surf Club, minutes from a range of cafes restaurants and shopping precinct makes this an ideal holiday destination.

Run exclusively under management this business is ready for hands-on operators to take it to the next level. There is a total of 38 units (60 keys) in the manager's letting pool at present. The net income to the end of October 2021 is $568,000 and the Body Corporate remuneration is $103,342.



  • Upside - opportunity to grow letting pool as borders open

  • Prime beachside location in popular beach resort

  • No requirement to reside onsite - studio attached to manager's unti could be included in the letting pool

  • Dual keys for optimum flexibility

  • Solid Body Corporate Remuneration

  • Bundled expenses in place

  • Property inspections are by appointment only

Date updated: 23 Jan 2022 22:00:10

Property Summary

Business Snapshot

Price: $4,349,140 Net Profit: $551,000 Remuneration / Body Corp Salary: $103,343

Managers Unit

Value of Managers Apartment: $940,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 38Total Units in Letting Pool: 50Holiday Units: 50Owner Occupy Units: 1Lockup Units: 2Agreement Term Remaining: 17 years
Marketing Agent
Chenoa Daniel
Chenoa Daniel

Listing location
Gallery

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