Mooloolaba, Queensland

Top ROI Business A Tranquil Sanctuary in the Heart of Mooloolaba

$2,150,000

Business Description

This stunning business is located in a beautiful spot on the Mooloolaba riverfront, just a short walk to the centre of the Sunshine Coast.

This management rights business comprises two buildings - side by side, which are streamlined in operation for the ideal tropical lifestyle.

It is a charming riverfront double complex where guest's facilities also include a barbecue area and two pools, Wi-fi and pay TV, plus undercover parking,

The manager's residence is an expansive three -bedroom, two- bathroom apartment, steps across from the beautiful Mooloolaba River.
It has an adjoining office on title and huge outdoor garden and terrace, with views to the river.

A good body corporate salary, and room for growth, with no outside agents, make this business a must see.

ROI on the business is 29.6%. Inspection is strongly recommended.

Call Alex Barker-Re today.

Business Summary

Business Snapshot

Price: $2,150,000 Net Profit: $326,000 Remuneration / Body Corp Salary: $102,205Business Value: $1,100,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,050,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Three -bedroom, two- bathroom apartment, with an adjoining office on title and huge outdoor garden and terrace with views to the river.

Complex Information

Complex Type: HolidayTotal Units in Complex: 42Total Units in Letting Pool: 24Owner Occupy Units: 16Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

0414 83....

Calvin Bailey Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reported net profit of $326,000, with a stated 29.6% return on the business component.
2. Body corporate remuneration of $102,205, reviewed annually against CPI.
3. Mooloolaba riverfront location within walking distance of the centre.
4. Two adjoining holiday complexes with streamlined operations, comprising 42 units and 24 in the letting pool.
5. Management rights agreement has 17 years remaining on a 25 year term.
6. Spacious three bedroom, two bathroom manager’s apartment includes an adjoining office on title, garden, terrace and river views.
7. Guest facilities include two pools, a barbecue area, WiFi, pay TV and undercover parking.
8. No outside letting agents operate in the complex, with room for growth noted in the listing.
9. Asking price of $2,150,000 comprises a $1,100,000 business component and a manager’s apartment valued at $1,050,000.

Management Rights Multiplier: 3.37
ROI Estimate: 15.16%