Renovatorâs Delight with Huge Upside Potential â 280k + net | Resort Brokers ID : MR008443

$1,630,000

Resort / Holiday Management Rights, ALEXANDRA HEADLAND QLD

ResortBrokers is thrilled to present this iconic oceanfront property in Alexandra Headland, offering an exceptional opportunity for a hands-on buyer to unlock its full potential.

With affordable real estate perfectly balancing the business-to-unit ratio, this property represents outstanding value for the savvy investor. Ideal for a handy renovator, theres significant scope to refurbish rooms and elevate the resorts offering. Introducing integrated room systems and creating distinct room categories on the booking grid could result in substantial financial gains for management and unit owners alike.
Set amidst tropical gardens, the resort boasts a range of amenities, including indoor and outdoor pools, a sauna, spa, and games room. The included two-bedroom manager's residence with direct office access is ideal for a two-person management team.
With a strong net profit and enormous growth potential, this is an unbeatable investment opportunity to transform an iconic coastal property into a standout success in the sought-after Alexandra Headland.

- Oceanfront property with charming coastal appeal
- Located in the highly desirable suburb of Alexandra Headlands, Sunshine Coast
- Strong net profit with potential for growth under newmanagement
- Generous body corporate salary exceeding $93k
- Two-bedroom manager's residence with convenient office access
- Tropical gardens and resort amenities meticulously maintained
- Ideal for a two-person management team
- Competitively priced for an imminent sale
Date updated: 15 Dec 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $1,630,000
Net Income: $ 290,069 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{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: 29
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 3
_{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: 36
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 95,643
_{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: Mon-Fri 8:30am to 5pm, Sat - 9am-2pm, Sun - 9am-12pm
_{Required Office Hours}

Complex Features: Outdoor Pool&Indoor Heated Pool Sauna&Indoor Spa BBQs with Alfresco Dining Area Free Half Court Tennis Games Room with a Variety of Games secure underground parking

Real Estate Component

Manager's Unit: 0 0

Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 0

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

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

Unit Features: The manager's residence at Headland Tropicana is a cozy 2-bedroom, 1-bathroom unit, offering a comfortable and convenient living space. While compact, the residence is well-maintained and ideal for a couple or small family. It provides easy access to the reception area, making it perfect for hands-on management while enjoying the relaxed coastal lifestyle.