Coolum Beach, Queensland

Upmarket Coolum Beach Resort with Exceptional Amenities

Under Contract / Offer

Business Description

This well presented 3 level luxury property close to the beach, shops and restaurants can be found in the heart of the Coolum beachside village with its close proximity to all the Sunshine Coasts tourist attractions.
All of the architect designed air-conditioned apartments feature european appliances in fully equipped kitchens, dining/living areas with flat screen cable TV and spacious bedrooms & bathrooms, all of which fuels the high guest return rate. An abundance of resort amenities including 3 swimming pools & spas, tennis court, gym and BBQ areas make this a holiday makers paradise.

This gorgeous property has award winning gardens the upkeep of which is paid for by the Body Corporate who also furnish a very generous managers salary.
A rare addition to the generously proportioned managers unit is the DLUG and with a large outdoor entertaining area plus two courtyards and garden there is ample room for family visits and guests to enjoy the coastal lifestyle with you.

Currently trading strongly but still with plenty of room for uplift for the savvy operator. Consistent year on year growth giving the opportunity to investors to enjoy attractive yields in this sought-after location.

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $256,512 Remuneration / Body Corp Salary: $126,238

Managers Unit

Value of Managers Apartment: $975,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No

Complex Information

Complex Type: HolidayTotal Units in Complex: 47Total Units in Letting Pool: 20Owner Occupy Units: 15Outside Agent Units: 47Lockup Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 22 years

Marketing Agent

Adam Langer

0468317....

Resort Management Sales

Key Investment Insights

1. Upmarket three level resort in the heart of Coolum village, walking distance to the beach, shops and restaurants, with strong access to Sunshine Coast tourist attractions.
2. Architect designed, air conditioned apartments with European appliances and fully equipped kitchens, supporting high guest return rates.
3. Multiple apartment features include dining/living areas with flat screen cable TV, spacious bedrooms and bathrooms, enhancing guest comfort and repeat business.
4. Resort amenities include three swimming pools and spas, tennis court, gym and BBQ areas, positioning the property as a holiday maker’s paradise.
5. Award winning gardens maintained and funded by the Body Corporate, reducing owner maintenance burden.
6. Generous manager remuneration through a Body Corporate salary of $126,238, plus an on title managers office included.
7. On title managers apartment valued at $975,000, comprising three bedrooms, two bathrooms, DLUG, large outdoor entertaining area, two courtyards and garden, enabling on site management and lifestyle benefits.
8. Currently trading strongly with consistent year on year growth, reported net profit $256,512, and stated room for uplift for a savvy operator.
9. Complex size and structure: 47 total units, 20 in the letting pool, 15 owner occupied, 47 outside agent units, two lockup units, indicating mixed ownership and established letting arrangements.
10. Long term management agreement in place, 25 year term with 22 years remaining, providing contractual continuity for operations and revenue.
11. Price status under contract or offer, signalling active buyer interest and limited availability.

Management Rights Multiplier: 3.80
ROI Estimate: 13.15%