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: Yes
The 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
Marketing Agent
Mark McKay
Mark McKay

Lyn Pearsall
Lyn Pearsall

Key Investment Insights

1. Highly sought after management rights opportunity in a popular beachside resort in Maroochydore.
2. Solid repeat business with 34 lettings in the pool and 5 lock up apartments.
3. Long agreement of 22 years and supportive body corporate.
4. Management unit on ground floor with renovated interiors, high ceilings, and ample natural light.
5. Includes 2 bedrooms, a study (currently used as a bedroom), 2 bathrooms, and a spacious balcony.
6. Office attached to residence and on title, with 3 basement car spaces and a lock-up storage/cage.
7. Multiplier of 5.5, making it a highly profitable investment opportunity.
8. Net profit of $579,280 and body corporate salary of $164,456 per annum.
9. Complex features resort amenities such as pool, spa, sauna, tennis court, games room, and BBQ area.
10. Agreement module is accommodation with a remaining term of 22 years.
11. Total of 53 units in the complex, with 34 in the letting pool and 12 owner-occupied units.
12. Outside agent units and lockup units also included in the complex.
13. Manager's residence has been beautifully renovated and is conveniently located on the ground floor.
14. Holiday complex with high occupancy rates and strong potential for growth.
15. Prime location in Maroochydore, a popular holiday destination for families.
Listing location

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