Sunrise Beach, Queensland

Perfect Sunrise Beach Location

SOLD

Business Description

Perfectly positioned at beautiful Sunrise Beach on Queensland’s Sunshine Coast, located only metres from the beach and within a few minutes drive of the internationally famous resort town of Noosa Heads.

Overlooking Sunrise Beach, the property provides the ideal setting for the perfect family holiday or romantic holiday escape, with plenty of nightlife and restaurants nearby.

Property features swimming pool while modern Queensland architecture blends easily with beautifully landscaped gardens to create a relaxed holiday atmosphere and provide the perfect vantage point for every beach lovers holiday.

This is blue chip ocean view real estate and easily run business. Good capital gain potential here by converting the outside agents to the letting pool. All the hard work has been done… new roof, new balustrades, pool resurfaced and building painted.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $93,390 Remuneration / Body Corp Salary: $25,876Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 12Total Units in Letting Pool: 4Owner Occupy Units: 1Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 13 years yearsPool: Yes

Marketing Agent

Matt Campbell

0410 34....

Barry Davies

0438 55....

Resort Management Sales

Key Investment Insights

1. Prime location in popular tourist destination
2. Close proximity to beach and popular resort town of Noosa Heads
3. Potential for high rental income from holiday and romantic escapes
4. Attractive modern Queensland architecture and landscaped gardens
5. Opportunity for capital gain by converting outside agents to letting pool
6. Recent upgrades and renovations to property
7. Strong net profit and remuneration/body corp salary
8. Spacious and well-appointed manager's apartment with exclusive use office
9. Pet-friendly complex
10. High occupancy rate with only 4 units in letting pool
11. Long agreement term remaining
12. On-site swimming pool for guests to enjoy.

Management Rights Multiplier: 4.23
ROI Estimate: 7.82%