9145 Perry Street, 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

Property Code: 872

Business Summary

Business Snapshot

Price: $2,200,000 Net Profit: $274,000 Remuneration / Body Corp Salary: $124,000

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

Meagan Monk

MR Sales

Key Investment Insights

1. Rare opportunity to secure a fantastic holiday management rights business in Coolum Beach
2. 25 year agreement with 22 years remaining, providing long-term stability and potential for growth
3. Short stroll to Coolum Beach, restaurants, cafes, boutique shopping, and Surf Club, making it a desirable location for holidaymakers
4. Modern and spacious 1, 2, and 3 bedroom apartments, catering to a variety of guests
5. 20 apartments in the letting pool, providing a solid income stream for the business
6. Secure and private parking for guests, ensuring convenience and safety
7. Outstanding resort facilities including 3 heated pools and spas, gymnasium, full-size tennis court, multiple BBQ areas, and a library/business lounge
8. Well-maintained manager's residence featuring 3 bedrooms, 2 bathrooms, renovated kitchen, 2 car parks, and a private courtyard
9. Recent major repaint of all 4 buildings and associated common areas, creating a fresh and vibrant appearance for the complex
10. Installation of solar panels on two buildings, reducing Body Corporate electricity costs and potentially lowering levies for owners
11. Net profit of $274,000, providing a solid return on investment
12. Asking price of $2,200,000, inclusive of manager's real estate
13. Located in a popular tourist destination on the Sunshine Coast, with potential for further growth in the holiday market.

Management Rights Multiplier: 4.65
ROI Estimate: 21.49%