Coolum Beach, Queensland
Luxury Resort Investment: Price Reduction and High Returns Await You
$975K MR & $975K Unit = Total $1.950 M
Business Description
This exquisite 3-level luxury property, located just a short stroll from the beach, vibrant shops, and popular dining spots, is positioned in the heart of Coolum Beach’s thriving seaside village. Its prime location makes it an ideal gateway to the Sunshine Coast's top attractions, offering a perfect blend of coastal living and convenience. Designed by an architect, every air-conditioned apartment is outfitted with premium European appliances in fully equipped kitchens, while spacious dining and living areas are complete with flat-screen cable TVs. The beautifully designed bedrooms and modern bathrooms provide an exceptional guest experience, contributing to the high volume of repeat visitors.
The property offers a wide range of resort-style amenities, ensuring guests have ample leisure options. It features three sparkling pools, maintained weekly by a pool company paid for by the Body Corporate, and four separate BBQ areas for social gatherings. Security is provided every night, also funded by the Body Corporate, adding to the peace of mind for guests and residents alike. The manager has limited hours of Body Corporate-related tasks per day. Additional amenities include relaxing spas, a tennis court, and a fully equipped gym, all set within beautifully maintained, award-winning gardens. The Body Corporate also offers a generous salary to the manager, making this an attractive opportunity. The Body corp pay for a pool company to come once a week, and a gardener , less maintenance for the new managers.
The manager’s 3 Bedroom with courtyard and pet friendly residence is a standout feature, offering both luxury and practicality. It includes a spacious double lock-up garage (DLUG), a large outdoor entertaining area, two private courtyards, and a beautifully landscaped garden. These expansive living spaces provide plenty of room for entertaining family and friends, making it easy to enjoy the relaxed coastal lifestyle.
Key Financials & Features:
- Nett profit exceeding $256,512. 14% ROI
- Body Corporate Salary of $126,238 with low-maintenance gardens.
- 20 units in the letting pool ensuring a steady income stream.
- Central location perfect for short stays, yielding higher returns.
- Established corporate client base and high demand from returning guests.
- Real estate including office $975,000, Business : $975,000, Total $1,950,000
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $975K MR & $975K Unit = Total $1.950 M
Net Profit: $256,512 Remuneration / Body Corp Salary: $126,238
Managers Unit
Bedrooms: 3Bathrooms: 2Car Spaces: 2Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 47Total Units in Letting Pool: 20Owner Occupy Units: 15Outside Agent Units: 10Lockup Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
1. Prime location in the heart of Coolum Beach's thriving seaside village, offering a perfect blend of coastal living and convenience.
2. Designed by an architect with premium European appliances and modern amenities, providing an exceptional guest experience.
3. Wide range of resort-style amenities including pools, BBQ areas, spas, tennis court, and gym, all set within beautifully maintained, award-winning gardens.
4. Manager's 3-bedroom residence with DLUG, outdoor entertaining area, and private courtyards, offering both luxury and practicality.
5. Strong financials with a nett profit exceeding $256,512 and a 14% ROI.
6. Body Corporate salary of $126,238 with low-maintenance gardens.
7. 20 units in the letting pool ensuring a steady income stream.
8. Central location perfect for short stays, yielding higher returns.
9. Established corporate client base and high demand from returning guests.
10. Real estate including office and business for a total of $1,950,000.
