Coolum Beach Management Rights - 1P4157MR
Coolum Beach Management Rights for Sale, Exclusive to CRE Brokers.
A neat, easy to run resort complex that could be operated by one person.
Included in the sale is a spacious, well-kept 3 bedroom manager's residence with access to your own lockup garage. The office is on title as well.
Due to ill health of one of the owners, significant upside is expected under new ownership.
After 10 years, the vendors have priced this business very well at a low 2.5 x business multiple.
Close to Beach, Shopping Centre and a short stroll to Coolum Beach Hotel, Surf Club and CBD.
TOTAL NUMBER OF UNITS - 18
UNITS IN LETTING POOL -10
MANAGERS RESIDENCE - 3 bedroom, ground floor with large private courtyard & L/U Garage
NET PROFIT - $87,717
REAL ESTATE PRICE - $440,000
BUSINESS PRICE $220,000
TOTAL ASKING PRICE $660,000
Price: Management Rights $660,000
Net Profit: $87,717 Remuneration / Body Corp Salary: $31,440Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $440,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On Title
Spacious well-kept ground floor three bedroom apartment with large courtyard. 1 bathroom and separate toilet. Access to a single lock-up garage.
Complex InformationComplex Type: n/aTotal Units in Complex: 18Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 5Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesTennis Court: YesBBQ Area: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Sunshine Coast