Maroochydore, Queensland

Boutique Management Rights in the Heart of Cotton Tree - 1P5241MR

Management Rights $1,350,000

Property Description

CRE Brokers as Exclusive Agents proudly present this spectacular Management Rights Business and residence opportunity.

On offer:

. 28.5% of Net Profit is Caretaker Salary secured;
. Cotton Tree precinct, its history long established as the perfect recreational/holiday destination;
. Enviable location;
. Office hours relaxed, contactable by mobile telephone;
. Low maintenance complex with strong income;
. Centrally located to take advantage of local Surf, RSL and Bowls Clubs;
. Water sports, fishing, tennis and Golf;
. Boutique shopping, great Cafes and restaurants;
. Peace of mind with secure underground parking;
. Luxurious apartment;
. Financials prepared by Management Rights Specialist Accountant.

TOTAL NUMBER OF UNITS : 22
UNITS IN LETTING POOL : 9
NET PROFIT : $ 144,237

MANAGER'S RESIDENCE : Three bedrooms, 2 bathrooms and open plan living area, a modern kitchen and the convenience of two car spaces

REAL ESTATE PRICE : $875,000
BUSINESS PRICE : $475,000
TOTAL ASKING PRICE : $1,350,000

Property Summary

Business Snapshot

Price: Management Rights $1,350,000 Net Profit: $130,000 Remuneration / Body Corp Salary: $41,171Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $875,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 22Total Units in Letting Pool: 9Holiday Units: 9Owner Occupy Units: 6Outside Agent Units: 1Lockup Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Sunshine Coast
Marketing Agent
CRE Brokers
CRE Brokers

CRE Brokers

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