Mooloolaba, Queensland

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.

Business Summary

Business Snapshot

Price: $2,150,000 Net Profit: $260,000 Remuneration / Body Corp Salary: $102,205Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 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

Calvin Bailey Management Rights

Key Investment Insights

1. Riverfront Mooloolaba location, short walk to the centre of the Sunshine Coast, offering strong tourism and lifestyle appeal.
2. Two adjacent buildings configured for streamlined operation, supporting an efficient tropical lifestyle management model.
3. Holiday complex of 42 units, with 24 in the letting pool and 16 owner-occupied, indicating a sizeable managed portfolio.
4. Manager's residence is an expansive three-bedroom, two-bathroom apartment valued at $1,200,000, with an adjoining office on title, large outdoor garden and terrace, river views, and pet-friendly status.
5. Comprehensive guest amenities including two pools, a barbecue area, pay TV, Wi‑Fi and undercover parking, enhancing guest experience and rental appeal.
6. Long-term accommodation agreement originally 25 years, with 17 years remaining, providing tenure security for management rights.
7. Reported net profit of $260,000, demonstrating solid earnings for the business.
8. Body corporate salary/remuneration of $102,205, reviewed annually by CPI, providing predictable indexed cashflow.
9. Combined owner benefit of approximately $362,000 per year when net profit and body corporate salary are considered together.
10. Sale price of $2,150,000, allowing appraisal of valuation against earnings and included managers apartment.
11. Notable growth potential and operational upside, explicitly cited as having room for growth with no external letting agents involved.

Management Rights Multiplier: 3.65
ROI Estimate: 27.37%