Maroochydore, Queensland
RARELY AVAILABLE Popular Beachside Resort, Maroochydore
$3,984,000
Business Description
EXCEPTIONAL OPPORTUNITY TO ATTAIN THIS SOUGHT AFTER MANAGEMENT RIGHTS !!
Rarely do properties with this location and resort amenities become available. Positioned in the holiday destination of Maroochydore, this family oriented high rise, having solid repeat business is one to attain for your portfolio. 34 lettings in the pool and there are 5 lock up apartments. A lengthy agreement of 22 years and a very supportive body corporate. Body corporate salary of $164,456 per annum.
Management unit positioned on the ground floor, beautifully renovated with high ceilings and ample natural light, offering a comfortable and inviting living space. Add to this a large balcony for added relaxation. 2 bedrooms and a study (currently used as a bedroom) with 2 bathrooms. The spacious office is attached to the residence and is on title along with 3 basement car spaces and a spacious lockup storage/cage. 5.5 MULTIPLIER for this opportunity should not be missed!!
Business Summary
Business Snapshot
Price: $3,984,000
Net Profit: $579,280
Managers Unit
Value of Managers Apartment: $800,000Bedrooms: 2Bathrooms: 2Car Spaces: 3Office: On TitlePets OK: YesThe manager’s residence has been beautifully renovated and is conveniently situated on the ground floor. With its high ceilings and ample natural light, it offers a comfortable and inviting living space. The residence features two bedrooms, as well as a study that can easily be converted into a third bedroom if desired. Additionally, there are two bathrooms and a lovely, paved patio where res++dents can relax and enjoy the outdoors. The office is conveniently attached to the residence and is included in the title. For added convenience, there are three basement car parking bays available, as well as a spacious lock-up storage cage.
Complex Information
Complex Type: HolidayTotal Units in Complex: 53Total Units in Letting Pool: 34Owner Occupy Units: 12Outside Agent Units: 1Lockup Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesSauna: YesTennis Court: YesGames Room: YesBBQ Area: Yes
Key Investment Insights
1. Rare opportunity to acquire a sought-after management rights business in a popular beachside location.
2. Solid repeat business with 34 lettings in the pool and a lengthy 22-year agreement.
3. Supportive body corporate and a generous body corporate salary of $164,456 per annum.
4. Management unit is beautifully renovated with high ceilings, ample natural light, and a large balcony for relaxation.
5. Includes a spacious office on title, 3 basement car spaces, and a lock-up storage/cage.
6. Attractive 5.5 multiplier for the business, making it a valuable addition to any portfolio.
7. Manager's residence features 2 bedrooms, 2 bathrooms, and a study that can be converted into a third bedroom.
8. Complex offers resort amenities such as a pool, spa, sauna, tennis court, games room, and BBQ area.
9. Accommodation agreement module with 25 years term remaining.
10. Opportunity for pet ownership in the manager's residence.
11. Total of 53 units in the complex, with 34 in the letting pool and 12 owner-occupied units.
12. Only 1 outside agent unit and 5 lock-up units, providing a stable and manageable workload for the manager.
13. Net profit of $579,280, highlighting the strong financial performance of the business.
14. Manager's unit valued at $800,000, providing a comfortable and inviting living space for the manager.
15. Ground floor position of the manager's unit adds convenience and accessibility for the manager.
