Mooloolaba, Queensland

Mooloolaba's 3x Multiplier Business Gem | Resort Brokers ID : MR008106

$1,400,798

Business Description

Situated in the heart of Mooloolaba, this investment promises business stability, a desirable lifestyle, and promising growth potential. The recently upgraded three-bedroom manager's residence elevates its charm, offering an appealing living space. Positioned strategically near amenities and entertainment spots, this opportunity stands as a compelling opportunity in a sought-after coastal locale. With a notable 3x multiplier and impressive ROI, this presents an ideal business prospect for a buyer aiming to seize opportunities in the thriving Sunshine Coast market.

- The manager's residence recently renovated featuring three bedrooms
- Prime location near Mooloolaba Wharf, a hub for dining and entertainment
- Efficient resort management with no set office hours and consolidated management fees
- Long-term investment potential with a robust 23-year tenure
- Fully self-contained apartments with high occupancy rates and competitive tariffs throughout the year
- 12 units in the letting pool, including 11-holiday lets and one permanent
- Strong investment return with a ROI of over 14%
- Inspections are by appointment only
Date updated: 25 Feb 2024 22:00:19

Business Summary

Business Snapshot

Price: $1,400,798 Net Profit: $200,266 Remuneration / Body Corp Salary: $45,434

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 18Total Units in Letting Pool: 13Owner Occupy Units: 4Outside Agent Units: 1Lockup Units: 1Agreement Term Remaining: 23 years
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