Mooloolaba, Queensland

Top ROI Business Within 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

1. Exceptional ROI at 29.6%, listed price $2,150,000.
2. Net profit $326,000 with business value stated as $1,100,000.
3. Manager remuneration/body corporate salary $102,205, CPI annual review in place.
4. Manager's residence valued at $1,050,000, three bedroom, two bathroom, one car space, office on title, pets permitted.
5. Prime riverfront location on the Mooloolaba river, short walk to the Sunshine Coast centre, river views from manager terrace and garden.
6. Business comprises two side by side buildings streamlined for tropical lifestyle, operations include no outside agents, noted room for growth.
7. Holiday complex of 42 units, 24 in the letting pool, 16 owner occupied, single manager unit.
8. Long management agreement originally 25 years, 17 years remaining, agreement module: Accommodation.
9. Guest facilities include two pools, barbecue area, Wi Fi, pay TV and undercover parking.
10. Strong combined asset and income proposition, with inspection strongly recommended.

Management Rights Multiplier: 3.37
ROI Estimate: 15.16%