Maroochydore, Queensland

Maroochydore - Permanent - Sold & Settled - ID 8996

SOLD

Business Description

Outstanding Opportunity - Absolute River Frontage

- Holiday management rights for sale
- Located on the banks of the Maroochydore River with uninterrupted water views
- 3 storey walk up complex
- Combination of 1, 2 & 3 bedroom self contained apartments
- 13 apartments in the holiday letting pool, 2 with outside agents and 1 lock up
- Cafes, restaurants, clubs, cinemas, boat hire and Sunshine Plaza (the Sunshine Coast's major shopping destination) are all within walking distance or a short bus ride.
- Body corporate remuneration of $48,742 + GST
- 21 years remaining on Accommodation Module agreement
- 3 bedroom manager's residence located on the ground floor with great balcony for entertaining
- All three bedrooms of the residence overlook the river and adjoining park
- Office on title
- Pet permitted with Body Corporate approval
- Riverfront walking and cycling tracks
- An awesome place to throw in a line after work and catch dinner!

Outstanding business and lifestyle opportunity. This property is a must to inspect.

Net Profit: $212,606
Asking Price: $1,425,000
(Inclusive of manager's real estate)

Management Rights Broker:
Mark McKay

Property Code: 649

Business Summary

Complex Information

Marketing Agent

Mark McKay

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

Key Insights:

1. Prime Location: The holiday management rights for sale are located on the banks of the Maroochydore River with uninterrupted water views. This prime location is a major selling point for the business.

2. Diverse Accommodation: The complex offers a variety of self-contained apartments including 1, 2, and 3 bedroom options. This allows for a diverse range of guests and increases the potential for bookings.

3. Strong Holiday Letting Pool: With 13 apartments in the holiday letting pool, this business has a strong and consistent income stream. Additionally, there are 2 apartments currently managed by outside agents, providing potential for growth.

4. Proximity to Amenities: The complex is within walking distance or a short bus ride to cafes, restaurants, clubs, cinemas, and the Sunshine Plaza shopping destination. This makes it an attractive location for guests and increases the potential for bookings.

5. Attractive Body Corporate Remuneration: The body corporate remuneration of $48,742 + GST is a significant source of income for the business and adds to its overall profitability.

6. Long-Term Agreement: The Accommodation Module agreement has 21 years remaining, providing stability and security for the business.

7. Manager's Residence: The 3 bedroom manager's residence is located on the ground floor with a great balcony for entertaining. The residence also offers stunning views of the river and adjoining park.

8. Office on Title: Having an office on title is a valuable asset for the business and makes it easier to manage operations.

9. Pet-Friendly: The complex allows for pets with Body Corporate approval, which can be a major selling point for guests and increase the potential for bookings.

10. Lifestyle Benefits: The property offers lifestyle benefits such as riverfront walking and cycling tracks, as well as the opportunity to fish and catch dinner after work. This can be a major draw for potential buyers looking for a work-life balance.

11. Strong Net Profit