Coolum Beach, Queensland
Embrace Beachfront Elegance - Exceptional Investment Prospect
$1.275M MR & $925k Unit = Total $2.2M
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 handles approximately four 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 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 $274,234. 12.5% ROI
- Body Corporate Salary of $124,007 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 $925,000, Business : $1,275,000, Total $2,200,000
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $1.275M MR & $925k Unit = Total $2.2M
Net Profit: $274,234 Remuneration / Body Corp Salary: $124,007
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
2. Short stroll to the beach, shops, and dining spots
3. Designed by an architect with premium European appliances and modern amenities
4. Three sparkling pools, four BBQ areas, spas, tennis court, and fully equipped gym
5. Manager handles approximately four hours of Body Corporate-related tasks per day
6. Manager's residence includes a spacious double lock-up garage, outdoor entertaining area, and private courtyards
7. Nett profit exceeding $274,234 with a 12.5% ROI
8. Body Corporate Salary of $124,007 with low-maintenance gardens
9. 20 units in the letting pool ensuring a steady income stream
10. Central location perfect for short stays, yielding higher returns
11. Established corporate client base and high demand from returning guests
12. Real estate including office $925,000, Business: $1,275,000, Total $2,200,000
13. Specializing in Management Rights, Motels, Hotels, Pubs, and Parks.
