Kings Beach, Queensland
Price Reduced Motivated Seller, Great Profit Potential Awaits!
$498,000 - Business Only
Business Description
Sunshine Coast Management Rights Available | Offsite Living - Achieve a Harmonious Work-Life Blend
This holiday management rights opportunity consists of 31 units, with 9 currently in the letting pool, boasting stunning ocean and hinterland views from the balconies. The complex includes easy-to-maintain landscaped areas, a swimming pool, a heated spa, a sauna, and a poolside BBQ area for guest leisure. It also provides secure underground parking with elevator access to all units, in addition to two storage rooms and a dedicated storage cage.
Situated just a short walk from the beach, dining spots, and local attractions, this business allows for offsite holiday letting management, offering flexibility and an exceptional work-life balance with no set office hours. As there is no real estate involved, this is an excellent business-only opportunity that generates a strong income and is simple to operate.
Net Profit: $162,000
Asking Price: $498,000
Reach out today to Geoff Hatchman from Ras360 Property Solutions, your local Sunshine Coast broker for more details!
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $498,000 - Business Only
Net Profit: $170,489 Remuneration / Body Corp Salary: $61,921
Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 31Total Units in Letting Pool: 9Owner Occupy Units: 10Outside Agent Units: 4Lockup Units: 7Agreement Term: 10 yearsAgreement Term Remaining: 8 years
Key Investment Insights
1. The business is a holiday management rights opportunity with 31 units, 9 of which are currently in the letting pool.
2. The complex boasts stunning ocean and hinterland views from the balconies and includes easy-to-maintain landscaped areas, a swimming pool, a heated spa, a sauna, and a poolside BBQ area for guest leisure.
3. The business offers offsite holiday letting management, providing flexibility and an exceptional work-life balance with no set office hours.
4. There is no real estate involved, making it a simple and straightforward business-only opportunity.
5. The business generates a strong income with a net profit of $162,000.
6. The asking price has been reduced to $498,000, making it an attractive and affordable investment opportunity.
7. The business is managed by Geoff Hatchman from Ras360 Property Solutions, a local Sunshine Coast broker.
8. Ras360 specializes in management rights, motels, hotels, pubs, and parks.
9. The complex is a resort/holiday type with a total of 31 units, 9 of which are in the letting pool.
10. The agreement term is 10 years, with 8 years remaining.
11. The complex has a mix of owner-occupied units, outside agent units, and lockup units.
12. The business has a strong remuneration/body corp salary of $61,921.
