Maroochydore, Queensland

Riverfront MR with 4 Bed Manager’s Residence

$2,450,000

Business Description

This property presents a standout Maroochydore management rights opportunity combining an established mixed letting business, strong Body Corporate income, genuine growth potential and one of the more substantial manager’s residences you’ll find in this style of complex.

Positioned directly on the Maroochy River, the business currently has 30 apartments under management, comprising 17 holiday and 13 permanent units.

The real opportunity here is in the potential to grow the holiday letting side of the business significantly over time. A proactive incoming operator could transition suitable permanent apartments into holiday letting and secure additional appointments as ownership and circumstances within the building change.

A complex built for holiday accommodation this property offers the location and facilities to support further growth in the holiday let
business, including:
• Private riverfront jetty
• Resort-style swimming pool
• Spa and sauna
• BBQ facilities
• Secure undercover parking

All of this sits within easy reach of Cotton Tree, beaches, cafés, restaurants, Sunshine Plaza and the Maroochydore CBD.

Key Features
• Nett profit - $324,611
• Absolute Maroochy River frontage
• 30 apartments currently in the onsite letting pool
• 17 holiday + 13 permanent
• Genuine potential to grow the business
• $98,470 p.a. Body Corporate remuneration excl. GST
• Annual CPI increases

An Almost Unheard-Of 4-Bed Manager’s Residence.
4 bed residences are extremely difficult to find in management rights businesses of this type, making this opportunity particularly appealing to families, buyers wanting more space or experienced operators unwilling to compromise on their home. The residence includes a large open-plan living area, air conditioning throughout and a generous balcony. Importantly, the reception and office are completely separate from the residence and located on the ground floor, giving the manager a clear separation between business and home life. Owners and guests can deal directly with the onsite office without compromising the privacy of the residence. The office is air-conditioned and supported by exclusive-use storage areas for equipment and linen.

For buyers looking for a strong existing business with genuine growth potential, long agreements and a manager’s residence that is well above what is normally available in this market, this opportunity is well worth a closer look.

Business Summary