Coolum Beach, Queensland

Rare Opportunity To Buy in Coolum Beach - ID 9145

$2,200,000

Business Description

Sunshine Coast Holiday Management Rights For Sale
Holiday Living

- Rare opportuity to secure this fantastic holiday management rights business

- 25 year agreement with 22 years remaining

- Short stroll to Coolum Beach, restaurants, cafes, boutique shopping & Surf Club

- Modern and spacious 1, 2 and 3 bedroom apartments

- 20 apartments in the letting pool

- Secure, private parking

- Outstanding resort facilities which include 3 heated pools and spas, gymnasium, full size tennis court, multiple BBQ areas and library / business lounge

- Well maintained manager's residence featuring 3 bedrooms, 2 bathrooms, renovated kitchen, 2 car parks and private courtyard

A major repaint of all 4 buildings and associate common areas has created a fresh and vibrant appearance to the complex. The installation of solar panels on rooftops of two of the buildings reduce Body Corporate electricity costs and put downward pressure on levies.

Net Profit: $274,000
Asking Price: $2,200,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Sunshine Coast Management Rights business for sale contact:

Management Rights Broker
Michael Philpott

View video HERE

Property Code: 872

Business Summary

Business Snapshot

Price: $2,200,000 Net Profit: $274,000 Remuneration / Body Corp Salary: $126,238

Managers Unit

Value of Managers Apartment: $925,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Located on the ground floor, Spacious 3 bedroom apartment, 2 bathrooms, 2 secure car parking spaces, Private yard with the addition of 2 exclusive use courtyards, Separate reception at the entrace to the residence.

Complex Information

Complex Type: MixedTotal Units in Complex: 47Total Units in Letting Pool: 22Owner Occupy Units: 14Outside Agent Units: 10Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesGym: YesTennis Court: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Michael Philpott

MR Sales

Key Investment Insights

1. Rare opportunity to purchase a highly sought after holiday management rights business in Coolum Beach.
2. Long agreement term with 22 years remaining, providing stability and security for the new owner.
3. Prime location just a short stroll from Coolum Beach, restaurants, cafes, and boutique shopping.
4. Modern and spacious 1, 2, and 3 bedroom apartments in the letting pool, appealing to a wide range of holidaymakers.
5. Outstanding resort facilities including 3 heated pools and spas, gymnasium, full-size tennis court, and multiple BBQ areas.
6. Well-maintained manager's residence with 3 bedrooms, 2 bathrooms, renovated kitchen, and private courtyard.
7. Recent upgrades to the complex, including a major repaint and installation of solar panels, reducing Body Corporate costs.
8. Strong net profit of $274,000, providing a solid return on investment.
9. Manager's real estate included in the asking price.
10. Mixed complex with a total of 47 units, including 22 in the letting pool and 14 owner-occupied units.
11. Agreement module is Accommodation, providing flexibility for the manager.
12. Resort-style amenities such as pool, spa, gym, tennis court, and BBQ areas make this a highly desirable holiday destination.
13. Manager's unit is located on the ground floor and features 3 bedrooms, 2 bathrooms, and 2 secure car parking spaces.
14. Separate reception area at the entrance to the manager's residence.
15. Strong potential for growth and development in the popular Sunshine Coast region.

Management Rights Multiplier: 4.65
ROI Estimate: 21.49%