Coolum Beach - CBD Location By the Beach - PRICED TO SELL!! - 1P3615MR
Sunshine Coast Management Rights for Sale by CRE Brokers
A modern boutique resort complex well positioned in The Hub, just across the road from renowned Surf Club. The Resort has also just received a total external makeover, repainted in a modern earthy colour scheme. It looks fantastic!
Accompanying (separately tenanted) outlets within including a Day Spa, Bottle Shop and 3 Restaurants, one being a well renowned Restaurant/Bar.
For the new owner of the Management Rights, is a tastefully renovated 2 bedroom residence, including a Granite kitchen and plantation shutters.
If you are seeking the perfect lifestyle opportunity showing approximately 16% Return on your entire investment, look no further! Centrally located in the magical Sunshine Coast, only 10 minutes to the "soon to be" International Airport.
The vendors are very motivated to sell and have priced the business accordingly.
This easy to manage resort represents one of the best value Management Rights opportunity in Queensland!
Units in Letting Pool - 13
Manager's Residence - 2 x bedroom open plan (tastefully renovated)
NET PROFIT $155,000 (TBC)
REAL ESTATE PRICE - $395,000
BUSINESS PRICE - $604,000
TOTAL ASKING PRICE - $999,000
Price: Management Rights $999,000
Net Profit: $155,000 Remuneration / Body Corp Salary: $37,216Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $395,000Bedrooms: 2Bathrooms: 1Pets OK: Yes
Complex InformationComplex Type: n/aTotal Units in Complex: 17Total Units in Letting Pool: 12Holiday Units: 12Owner Occupy Units: 2Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesSauna: YesBBQ Area: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Sunshine Coast