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
Meagan Monk

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

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%

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