Waterfront Permanent Letting Business

$1,690,000

Permanent management rights, Wurtulla QLD

An exceptional opportunity to secure a well established permanent management rights business positioned directly on the waterfront of Lake Kawana and Tokara Canal in one of the Sunshine Coasts most dynamic growth locations.

This secure, gated townhouse complex offers long term stability within the highly sought after Sunshine Coast Health Precinct. The surrounding area continues to experience strong population and infrastructure growth, creating consistent demand from medical professionals, hospital staff and local residents.
The business is straightforward to operate with no set office hours and the flexibility to live offsite, making it ideal for both experienced operators and those seeking a more lifestyle focused business.
The complex itself is modern, well maintained and enjoys a peaceful waterfront setting with landscaped grounds and direct access to lakeside walking paths. The attractive swimming pool & BBQ area and secure gated access, contributes to strong tenant appeal and low vacancy levels.

The stand alone managers residence provides excellent separation from the complex and includes three bedrooms, ensuite, double lock up garage and an office on title with internal and external access. The office could easily be converted into a fourth bedroom, offering additional flexibility for an incoming operator.
Located only minutes from Kawana Shoppingworld, Bokarina Beach and major transport routes, and within walking distance of cafs, restaurants and local amenities, the location combines waterfront lifestyle with exceptional convenience.

With long term agreements in place, a strong body corporate salary with CPI increases and a stable permanent letting pool, this MLR represents a secure and attractive investment in one of the Sunshine Coasts most desirable waterfront precincts.

Key Features
Absolute waterfront complex on Lake Kawana / Tokara Canal
Located within the Sunshine Coast Hospital Precinct
Well-established permanent letting business
No set office hours
Flexible option to live onsite or offsite
Stand-alone 3 bedroom managers residence with DLUG
Office on title with potential 4th bedroom conversion
Body Corporate salary approx. $99k + GST

More Information

Financial Overview

Total Purchase Price: $1,690,000
Net Income: $ 140,408 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,150,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.8
_{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: 16
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 41
_{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: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 60
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 99,252
_{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: 17 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 15 years
_{How long has the management rights existed.}

Office Hours: None set
_{Required Office Hours}

Complex Features: Absolute waterfront position on Lake Kawana,Large swimming pool,BBQ and outdoor entertaining area,Low-maintenance landscaped grounds,Fully gated complex with secure access,Modern townhouse-style residences,Direct access to lakefront walking paths

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,150,000
_{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: The managerâs residence is a stand alone three bedroom house located withinthe complex, offering privacy and separation from the main body of townhouses.The home includes an ensuite, double lock-up garage, and practical internallayout suited to family living.Its position within the gated waterfront complex provides both convenience andlifestyle appeal. The residence offers flexibility for an incoming operator, with theoption to live onsite or offsite if preferred.The office is attached to the residence and is on title, featuring both internalaccess from the home and separate external access for residents andcontractors. This configuration allows the business to operate efficiently whilemaintaining privacy.Importantly, the office could easily be converted into a fourth bedroom ifpreferred, providing additional accommodation space and enhancing theflexibility of the residence to suit family or lifestyle needs.