Key Investment Insights
1. Rare opportunity to secure a fantastic holiday management rights business in Coolum Beach.
2. Long agreement term of 25 years with 22 years remaining.
3. Prime location just a short stroll to Coolum Beach, restaurants, cafes, boutique shopping, and Surf Club.
4. Modern and spacious 1, 2, and 3 bedroom apartments in the letting pool.
5. Secure and private parking for guests.
6. Outstanding resort facilities including 3 heated pools and spas, gymnasium, full-size tennis court, multiple BBQ areas, and a library/business lounge.
7. Well-maintained manager's residence with 3 bedrooms, 2 bathrooms, renovated kitchen, 2 car parks, and a private courtyard.
8. Recent major repaint of all 4 buildings and associated common areas has created a fresh and vibrant appearance.
9. Installation of solar panels on two buildings reduces Body Corporate electricity costs and puts downward pressure on levies.
10. Net profit of $274,000 and asking price of $2,200,000 (inclusive of manager's real estate).
11. Manager's unit valued at $925,000 with 3 bedrooms, 2 bathrooms, 2 secure car parking spaces, and 2 exclusive use courtyards.
12. Mixed complex with a total of 47 units, 22 in the letting pool, and 14 owner-occupied units.
13. Agreement module is accommodation with a term of 25 years and 22 years remaining.
14. Resort facilities include a pool, spa, gym, tennis court, BBQ area, and WIFI.
Management Rights Multiplier: 4.65
ROI Estimate: 21.49%