Coolum Beach, Queensland

Short Walk to the Beach

SOLD

Business Description

Permanent letting complex located in a shopping zone and within a short walk to the beach. The desirable location means there is a waiting list for tenancies.

Body corporate pays for nightly lock up and security patrols.

Excellent opportunity here for a handy person to add significantly to the net profit.

The managers unit is one of the largest in the industry and won’t disappoint.

Property facilities include:

- Swimming Pool
- Spa
- Gym
- Security Undercover Parking

Business Summary

Business Snapshot

Price: SOLD Net Profit: $153,000 Remuneration / Body Corp Salary: $124,880

Managers Unit

Value of Managers Apartment: $730,000Bedrooms: 4Bathrooms: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 13Owner Occupy Units: 25Outside Agent Units: 5Lockup Units: 2Pool: YesGym: Yes

Marketing Agent

Barry Davies

0438 55....

Matt Campbell

0410 34....

Resort Management Sales

Key Investment Insights

1. Prime location within a shopping zone and short walk to the beach.
2. High demand for tenancies with a waiting list.
3. Body corporate covers nightly lock up and security patrols.
4. Potential for increased profits with handy person improvements.
5. Spacious and well-appointed manager's unit.
6. On-site facilities include a swimming pool, spa, and gym.
7. Manager's apartment valued at $730,000.
8. Permanent letting complex with 46 units, 13 in the letting pool.
9. Majority of units are owner-occupied, providing stability for the complex.
10. Opportunity for outside agent units to be brought into the letting pool.
11. Additional income potential through lockup units.
12. Pet-friendly complex.

Management Rights Multiplier: 5.16
ROI Estimate: 10.07%