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 29.6% ROI with a net profit of $326,000 and $102,205 body corporate remuneration.
2. Riverfront Mooloolaba location is within walking distance of the Sunshine Coast centre.
3. Streamlined management rights operation across two side by side buildings supports efficient day to day management.
4. Manager’s three bedroom, two bathroom apartment includes an adjoining office, garden and river views.
5. Guest facilities include two pools, barbecue area, Wi Fi, pay TV and undercover parking.
6. No outside agents are involved, providing direct operational control for the incoming manager.
7. The complex comprises 42 holiday units, including a 24 unit letting pool and 16 owner occupied units.
8. The accommodation agreement has 17 years remaining, with the body corporate salary reviewed annually by CPI.
9. Pets are permitted and the manager’s unit includes one car space on title.

Management Rights Multiplier: 3.37
ROI Estimate: 15.16%