Unmissable Opportunity in Coolum Beach - ID 9170

$1,230,000

Resort / Holiday management rights, Coolum Beach QLD

Holiday Management Rights For Sale
Dual Income

- No set office hours - contactable only. REI Cloud booking system
- Dual income - includes commercial lot at the base of the complex
- Ability to live offsite
- Earn additional income by adding the manager's unit to the letting pool
- Well appointed 2 bedroom manager's residence, secure parking and very large storage room
- Long agreement with 20 years remaining
- Onsite facilities include: Heated pool, spa, sauna and secure underground parking
- Minimal workload, easily managed by single operator
- Coolum Main Beach just metres away
- All inspections by appointment only

Rare opportunity to secure this sought after boutique style resort in Coolum Beach. This exceptional property, cherished by the owners for years offers not just a business but a lifestyle, perfectly positioned just steps from stunning Coolum Beach and vibrant shopping & dining precinct.

Net Profit: $208,000
Asking Price: $1,230,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $1,230,000
Net Income: $ 208,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 630,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 2.9
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 11
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 2
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 15
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 49,336
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Contactable Only
_{Required Office Hours}

Complex Features: Heated pool, Spa, Sauna, Security parking, Free Wi-Fi

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 630,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Fully renovated 2 bedroom unit, One bathroom, Light filled dining and living area and private balcony, Air conditioning and ceiling fans, Well appointed kitchen, Two secure parking spaces with a large storage area.