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%