Mooloolaba, Queensland

Absolutely Must Sell Now - Oceanfront Luxury - Mooloolaba - ID 8796

EXPRESS YOUR INTEREST

Business Description

Sunshine Coast Management Rights For Sale
Mooloolaba at its Finest

- This resort boasts an Esplanade address with first class facilities
- 8 apartments in the holiday letting pool
- The apartments are spacious and all enjoy oceanfront and hinterland views
- Luxuriously appointed 2 bed, 2 bath manager's residence located on the podium level overlooking First Avenue
- 1 security car space and a 10m² office on ground level
- No set office hours

Inspections to qualified purchasers only via appointment.

Net Profit $220,000
EXPRESS YOUR INTEREST
Absolutely Must Sell Now
(Inclusive of Manager's real estate)

For further information on this Sunshine Coast Management Rights business for sale contact:

Exclusive Management Rights Broker
Mark McKay

Property Code: 520

Business Summary

Business Snapshot

Price: EXPRESS YOUR INTEREST Net Profit: $243,244 Remuneration / Body Corp Salary: $56,041

Managers Unit

Value of Managers Apartment: $945,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Luxury 2 bedroom apartment, 2 bathrooms, Single car accommodation, High end finishes, Ducted air conditioning, High ceilings

Complex Information

Complex Type: HolidayTotal Units in Complex: 24Total Units in Letting Pool: 10Holiday Units: 10Lockup Units: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesSauna: YesGym: YesWIFI: Yes

Marketing Agent

Mark McKay

MR Sales

Key Investment Insights

Key Insights:
1. Prime location on the Esplanade in Mooloolaba with oceanfront views.
2. First class facilities with 8 spacious apartments in the holiday letting pool.
3. Luxurious 2 bedroom, 2 bathroom manager's residence with high-end finishes.
4. Additional amenities include a security car space, office, and no set office hours.
5. Net profit of $220,000 and remuneration/body corp salary of $56,041.
6. Manager's real estate included in the sale.
7. Exclusive management rights brokers handling the sale.
8. Manager's unit valued at $945,000 with high-end features such as ducted air conditioning and high ceilings.
9. Complex type is holiday with a total of 24 units, 10 of which are in the letting pool.
10. Agreement module is accommodation with 17 years remaining on the 25-year term.
11. On-site amenities include a pool, spa, sauna, and gym.
12. Additional features include WIFI and lockup units.
13. Expressing interest and qualified purchasers can schedule inspections by appointment only.

Management Rights Multiplier: 5.10
ROI Estimate: 19.61%