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. Nett profit $256,512, representing a reported 14% ROI, indicating strong current profitability.
2. Total asking price $1.95M, split $975K for management rights and $975K for the unit, reflecting a clear purchase structure.
3. Body Corporate salary $126,238 paid to the manager, significantly boosting total remuneration and cashflow for the operator.
4. Prime Coolum Beach location, a short stroll to the beach, shops and restaurants, positioning the resort for high short-stay demand and premium rates.
5. Established corporate client base and high repeat guest volumes, providing a steady revenue stream and lower marketing dependency.
6. Letting pool of 20 units within a 47-unit complex, offering a meaningful income base while owner-occupied and outside-agent units diversify risk.
7. Extensive resort amenities including three pools, spas, tennis court, fully equipped gym, four BBQ areas and award-winning gardens, enhancing guest appeal and yield potential.
8. Body Corporate funds weekly pool maintenance, a gardener and nightly security, reducing operational burden and outgoings for the manager.
9. Manager’s 3-bedroom, 2-bath residence with DLUG, large outdoor entertaining areas, two private courtyards and pet-friendly policy, providing a valuable in-kind benefit and on-site presence.
10. Long-term agreement security, 25-year term with 22 years remaining, delivering continuity of management rights and investor certainty.
11. Low daily Body Corporate task requirements and outsourced maintenance benefits, implying manageable operations for incoming managers.
