Coolum Beach, Queensland
PRIME HIGH NET BEACHSIDE RESORT ON QUEENSLAND SUNSHINE COAST | Resort Brokers ID : MR007026
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: 01 Dec 2021 00:00:08
Net Profit: $568,000 Remuneration / Body Corp Salary: $103,343
Managers UnitValue of Managers Apartment: $940,000Bedrooms: 2Bathrooms: 2Office: On Title
Complex InformationComplex Type: Resort / HolidayTotal Units in Complex: 57Total Units in Letting Pool: 50Holiday Units: 50Owner Occupy Units: 1Lockup Units: 2Agreement Term Remaining: 23 years