Maroochydore, Queensland
Beachside Resort - Maroochydore, Sunshine Coast
$3,895,000
Business Description
Situated at the core of the vibrant Sunshine Coast, this management rights complex offers an array of expansive 1, 2, and 3-bedroom apartments, each featuring fully equipped kitchens, open-plan living areas, and private balconies for an enhanced living experience. Every apartment is equipped with ducted air conditioning, full laundry facilities, Foxtel, complimentary Wi-Fi, and the convenience of secure onsite parking. The complex boasts a total of 76 apartments, with 25 of them dedicated to the
letting pool. Enjoy an assortment of facilities, including a heated outdoor swimming pool, a BBQ area perfect for gatherings, a well-equipped gymnasium to stay fit, and a games room for recreational activities. Benefit from the Accommodation Module agreements that extend until 2045, providing stability and assurance. Moreover, revel in the flexibility of no set office hours within the agreement, offering added convenience and adaptability for both residents and management.
Business Summary
Business Snapshot
Price: $3,895,000
Net Profit: $520,000
Managers Unit
Value of Managers Apartment: $1,245,000Bedrooms: 3Bathrooms: 2Pets OK: YesMeticulously maintained, this expansive manager's apartment offers three bedrooms and two bathrooms, occupying the second level of the complex. Boasting an impressive presentation, the residence features a generously-sized outdoor courtyard. Additionally, pets are allowed with approval from the Body Corporate.
Complex Information
Complex Type: HolidayTotal Units in Complex: 76Total Units in Letting Pool: 25Owner Occupy Units: 48Outside Agent Units: 1Lockup Units: 2Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesGym: YesGames Room: YesBBQ Area: Yes
Key Investment Insights
1. Prime location in the vibrant Sunshine Coast, a popular tourist destination.
2. A variety of spacious and well-equipped apartments, catering to different accommodation needs.
3. Diverse range of facilities including a heated outdoor pool, BBQ area, gym, and games room.
4. Accommodation Module agreements in place until 2045, providing stability and assurance.
5. No set office hours within the agreement, offering flexibility and convenience for residents and management.
6. Strong net profit of $520,000.
7. Manager's apartment valued at $1,245,000 and in excellent condition.
8. Pets allowed with approval from the Body Corporate.
9. Large complex with 76 units, 25 of which are in the letting pool.
10. Only one outside agent unit, ensuring a high level of control for the management.
11. Long agreement term remaining with 22 years.
12. Onsite amenities such as a pool, spa, gym, and games room, providing added convenience for residents.
13. Opportunity for growth and expansion through marketing and increasing occupancy rates.
14. Well-maintained and presented complex, with a strong reputation and positive reviews.
15. Potential for a lifestyle change with the opportunity to live in a desirable location and manage a successful business.
