Coolum Beach, Queensland

Coolum Beach Icon

$2,700,000

Business Description

Perfectly positioned with views to Coolum Beach, this superb short-term holiday resort business is a management rights icon.
Nett Profit: $320,000 and easily managed for the true beach lifestyle, this complex will be purchased by the first to inspect

Fantastic 3 bedroom, 2 bathroom manager’s apartment with adjoining office, balcony, and storage areas galore.
Facilities include a 25 metre heated pool, mini golf, steam room and children's playground.
Stroll to Coolum beach, restaurants, and shops, or enjoy a swim and sunset on the golden shores, just seconds away.
This business already performs strongly, but there’s room to grow.
Boost occupancy and average daily rates by leveraging dynamic pricing strategies, enhancing your direct booking presence, social media presence and refining your marketing approach to capture even more of Coolum’s holiday market.

Don't miss this chance to secure a once only opportunity in one of Queensland’s most in-demand destinations.

Business Summary

Business Snapshot

Price: $2,700,000 Net Profit: $320,000 Remuneration / Body Corp Salary: $75,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 32Total Units in Letting Pool: 26Owner Occupy Units: 3Outside Agent Units: 1Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSauna: YesBBQ Area: Yes

Marketing Agent

Alex Barker-Ré

0414 83....

Calvin Bailey Management Rights

Key Investment Insights

1. Priced at $2.7M with reported net profit of $320,000, indicating a strong current cash return on investment.
2. Managers apartment valued at $1.2M, comprising 3 bedrooms, 2 bathrooms, office on title, balcony, abundant storage and one car space, supporting on-site management.
3. Established management rights with a 25-year agreement originally, 24 years remaining, providing long-term operational security.
4. Manager remuneration/body corporate salary $75,000, reviewed annually by CPI, delivering predictable management income.
5. High-quality resort facilities include a 25 metre heated pool, mini golf, steam room/sauna, BBQ area and children’s playground, enhancing guest appeal and yields.
6. Prime beachfront location with views to Coolum Beach, only seconds from the sand, restaurants and shops, supporting strong seasonal demand.
7. Complex scale of 32 units with 26 in the letting pool, one manager unit and low outside-agent representation, indicating concentrated control of accommodation revenue.
8. Holiday complex classification and existing strong performance, yet explicit growth opportunity to increase occupancy and ADR via dynamic pricing and direct-booking strategies.
9. Pets allowed in the manager’s unit, which can aid retention and flexibility for on-site managers.
10. Turnkey operational setup implied by manager’s apartment with adjoining office and plentiful storage, enabling immediate hands-on control by purchaser.

Management Rights Multiplier: 4.69
ROI Estimate: 21.33%