Sunshine Beach, Queensland

Perfect First Time Management Rights - ID 8290

$1,550,000

Business Description

Sunshine Coast Management Rights For Sale
Noosa Heads & Sunshine Beach At Your Doorstep

- Great size renovated 2 bedroom managers residence over two levels
- All resort units are one bedroom with lounge and kitchen, a perfect couples retreat
- Easy to run by either single person and cleaning staff or couple
- Close to Noosa Heads Hastings Street and Sunshine Beach
- All the work has been done! With all units upgraded to similar standards
- Very popular with couples and return guests
- Majority of units in letting pool 21 of 28
- No fixed office hours
- Fantastic forward bookings

Net Profit: $253,046
Asking Price: $1,550,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of the Sunshine Beach Management Rights opportunity contact:

Management Rights Broker
Richard O'Connell

Property Code: 496

Business Summary

Business Snapshot

Price: $1,550,000 Net Profit: $248,226 Remuneration / Body Corp Salary: $74,575

Managers Unit

Value of Managers Apartment: $790,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: Yes
Double storey, stand alone residence, 2 bedrooms, spacious open plan lounge, dining and kitchen, fully renovated with new kitchen and 2 bathrooms, pet permitted with Body Corporate approval, valuation available.

Complex Information

Complex Type: MixedTotal Units in Complex: 28Total Units in Letting Pool: 21Owner Occupy Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Richard O'Connell
Richard O'Connell

Key Investment Insights

Key Insights:

1. Prime Location: The management rights being offered for sale are situated in the highly sought-after areas of Noosa Heads and Sunshine Beach, making it an attractive investment opportunity.

2. Renovated Manager's Residence: The 2 bedroom manager's residence has been recently renovated and is spread over two levels, providing a comfortable living space for the managers.

3. Easy to Run: The business can be easily managed by either a single person with cleaning staff or a couple, making it an ideal opportunity for first-time management rights buyers.

4. Proximity to Popular Tourist Spots: The property is located close to Noosa Heads Hastings Street and Sunshine Beach, which are popular tourist destinations, ensuring a steady flow of guests.

5. Upgraded Units: All resort units have been upgraded to similar standards, providing a consistent and high-quality experience for guests.

6. High Occupancy Rate: The property is popular with couples and return guests, resulting in a high occupancy rate. 21 out of 28 units are in the letting pool, indicating a strong demand for accommodation.

7. Flexible Working Hours: The business has no fixed office hours, providing flexibility for the managers to manage their time effectively.

8. Strong Forward Bookings: The property has a fantastic forward booking rate, providing a stable and predictable income for the managers.

9. Attractive Net Profit: The net profit for the business is $253,046, making it an attractive investment opportunity for potential buyers.

10. Inclusive of Manager's Real Estate: The asking price of $1,550,000 includes the manager's real estate, providing an added advantage for the buyers.

Management Rights Multiplier: 3.06
ROI Estimate: 32.66%

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