Mooloolaba, Queensland
Two businesses – One outstanding Mooloolaba investment
$2,195,000
Business Description
$414,082 Combined Net Profit | Approx. 18.9% Return
A rare opportunity to secure two complementary management rights businesses located on the same street, only 100 metres apart in the heart of Mooloolaba. Offering substantial established earnings, diversified accommodation income and genuine scope for operational efficiencies, this is an opportunity that deserves serious consideration.
For astute buyers seeking strong returns without excessive capital tied up in real estate, this combined offering presents a compelling investment proposition.
This opportunity comprises 48 apartments, with 28 in the letting pool, generating a combined net operating profit of $414,082 per annum.
Beachside offers an established holiday letting operation featuring 20 of the complex's 30 apartments, tropical gardens, a heated pool and spa, plus a comfortable two-bedroom manager's residence with an adjoining office and reception on title. With no requirement to reside onsite, the manager's apartment also presents an opportunity to generate additional letting income.
Dockside complements the portfolio with larger two- and three-bedroom apartments, seven holiday letting appointments and one permanent letting appointment. Adding to the appeal, Dockside is offered as a business-only acquisition, with no additional real estate purchase required.
Key Investment Highlights:
- $414,082 combined annual net operating profit
- Approx. 18.9% return on total asking price
- $107,762 combined annual body corporate remuneration
- Two established businesses just a few hundred metres apart on the same street
- 28 letting appointments across 48 apartments
- Two-bedroom manager's residence and office included
- No onsite residency requirement – potential to add the manager's apartment to the letting pool
- Both businesses operating on Resly
- Potential savings through consolidated administration, staffing, purchasing and service arrangements
- Complementary accommodation catering to different holiday markets
With a manager's residence included in the purchase price and a return approaching 19%, this represents one of the more compelling investment propositions currently available in the market.
Two businesses. One platform. Strong earnings. Exceptional returns.
An outstanding opportunity for an experienced operator or commercially minded investor looking to maximise returns in one of Queensland's most desirable coastal destinations.
Business Summary
Business Snapshot
Price: $2,195,000
Remuneration / Body Corp Salary: $107,762Business Value: $1,445,000
Managers Unit
Value of Managers Apartment: $750,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: YesComplex Information
Complex Type: HolidayTotal Units in Complex: 48Total Units in Letting Pool: 28Owner Occupy Units: 17Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: Yes
Key Investment Insights
AI generated. Confirm details with the seller.
1. Combined annual net operating profit of $414,082, representing approximately 18.9% return on the total asking price of $2,195,000.
2. Combined annual body corporate remuneration of $107,762, with 23 years remaining on management agreements.
3. Two established management rights businesses on the same street in the heart of Mooloolaba.
4. Portfolio comprises 48 apartments with 28 letting appointments, combining holiday and permanent accommodation income.
5. Purchase includes a two bedroom manager's residence valued at $750,000, with adjoining office and reception on title.
6. No onsite residency requirement, providing potential to generate additional letting income from the manager's apartment.
7. Dockside is a business only acquisition, requiring no additional real estate purchase.
8. Both businesses operate on Resly, supporting consolidated administration and potential staffing, purchasing and service efficiencies.
9. Complementary apartment configurations cater to different holiday markets, including larger two and three bedroom apartments at Dockside.
10. Beachside features tropical gardens, a heated pool and spa.
