Peregian Beach, Queensland

Smoking Hot Peregian Beachfront Business, Smack Bang in the Middle of a 20km Stretch of White Sandy Sunshine Coast Gloriousness - 1P5556MR

Management Rights $2,100,000

Property Description

EXCLUSIVE TO CRE BROKERS. A glorious must-see with super-strong net profit performance, with huge upside. Thirty percent of current net profit legally secured by Caretaking Agreement. Annual growth tied to CPI. Absolute blue chip inflation-proof business.

A hot, rock-solid, resort business, this is the one for you. Peregian Beach is superb - the feel is contemporary, yet resonances from the 1960s and 1970s up to 2022 are felt. The ambiance (vibe) is all things to all people. There is something for every person visiting the resort. Live offsite.

Ask me how to live/grow the business and drive the golf buggy.

TOTAL NUMBER OF UNITS : 40
UNITS IN LETTING POOL : 29
NET PROFIT : $280,000

MANAGERS RESIDENCE : 3 bedrooms and 1.5 Bathrooms with all modern conveniences.

REAL ESTATE PRICE : $850,000
BUSINESS PRICE : $1,250,000
TOTAL ASKING PRICE : $2,100,000

Property Summary

Business Snapshot

Price: Management Rights $2,100,000 Net Profit: $280,000 Remuneration / Body Corp Salary: $84,012Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 40Total Units in Letting Pool: 29Holiday Units: 25Permanent Units: 4Owner Occupy Units: 6Outside Agent Units: 2Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesGames Room: YesBBQ Area: YesWIFI: YesFunction Facilities: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Sunshine Coast
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