Rare High Net Property in Mooloolaba

$4,100,000

Resort / Holiday management rights, Mooloolaba QLD

This highly sought-after property combines a relaxed resort atmosphere with exceptional facilities. Properties of this size and with these returns are rare, making this an unmissable opportunity for the discerning buyer.
Key highlights:
Prime location walking distance from beach,boutiques and dining
Close to Sunshine Coast Tourist Attractions
Easy to operate
Long agreements
Potential to grow the letting pool

More Information

Financial Overview

Total Purchase Price: $4,100,000
Net Income: $ 552,629 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,040,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.5
_{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: 43
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 11
_{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: 8
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 62
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 181,392
_{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: 22 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
_{Required Office Hours}

Complex Features: 25m heated lap pool, rock spa pool, and shaded shallow childrenâs pool. Gym, games room, and steam room. Rooftop BBQ and Dining Area: Recently renovated, with sunbathing spots and a gated play area for children

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,040,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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: This two-level unit includes two self-contained one-bedroom units, each with its own ensuite, providing versatility and privacy. The ground floor unit is seamlessly connected to the reception/office for effortless day-to-day operations, while the upstairs unit has a large, north-facing tiled deck offers a serene retreat to enjoy the sea breeze and soak in the Sunshine Coastâs idyllic climate