Sunshine Beach, Queensland
Optimise Your Outcome: Noosa's Sunshine Beach Prime Position Boutique Resort - 1P6164MR
Management Rights $2,235,000
Business Description
EXCLUSIVE TO CRE BROKERS. Nestled in the lush heart of Sunshine Beach and bathing in the benefits of the beachside village atmosphere. Only minutes to the world-renowned Hastings Street at Noosa Heads with its restaurant culture and fashion boutiques.
This Resort Management Rights business ticks all the boxes for the seasoned or first time operator:
. Excellent body corporate salary and room for growth in letting pool;
. Supportive Body Corporate Committee;
. Luxurious recently renovated 3 bedroom, 2 bathroom manager's residence with ocean views;
. Ground floor office reception on title.
The vast Pacific Ocean at your doorstep soothes the climate, cooling the summers and warming the winters. Regardless of season, the climate remains ideal, promoting the unique laid-back village atmosphere and inviting Sunshine Beach culture.
TOTAL NUMBER OF UNITS : 14
UNITS IN LETTING POOL : 10
NET PROFIT : $197,081
MANAGER'S RESIDENCE: 3 bedroom 2 bath (recently renovated)
REAL ESTATE PRICE : $1,690,000
BUSINESS PRICE : $545,000
Business Summary
Business Snapshot
Price: Management Rights $2,235,000
Net Profit: $197,081 Remuneration / Body Corp Salary: $54,000Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 4Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: NoModern and luxurious with easterly facing balcony and ocean views. Renovated in 2019. Master bedroom with ensuite.
Complex Information
Complex Type: HolidayTotal Units in Complex: 14Total Units in Letting Pool: 11Outside Agent Units: 1Lockup Units: 2Manager Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 17 yearsPool: YesBBQ Area: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Sunshine CoastKey Investment Insights
1. Prime location in the heart of Sunshine Beach, with easy access to Hastings Street and its amenities.
2. Established and successful business with a supportive Body Corporate Committee.
3. Recently renovated manager's residence with ocean views.
4. Ground floor office reception on title.
5. Ideal climate promoting a laid-back village atmosphere and inviting Sunshine Beach culture.
6. 14 units in total, with 10 in the letting pool.
7. Net profit of $197,081.
8. Modern and luxurious manager's unit with easterly facing balcony.
9. Complex type is holiday and has a pool and BBQ area.
10. Long agreement term remaining (17 years).
11. Potential for growth in the letting pool.
12. Real estate price of $1,690,000 and business price of $545,000.
13. Pets not allowed in the complex.
14. Management rights business with a remuneration/body corp salary of $54,000.
15. Outside agent units and lockup units provide additional income opportunities.
