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Upmarket Coolum Beach Resort with Exceptional Amenities
$2,200,000
Resort / Holiday management rights, Coolum Beach QLD
This well presented 3 level luxury property close to the beach, shops and restaurants can be found in the heart of the Coolum beachside village with its close proximity to all the Sunshine Coasts tourist attractions.
All of the architect designed air-conditioned apartments feature european appliances in fully equipped kitchens, dining/living areas with flat screen cable TV and spacious bedrooms & bathrooms, all of which fuels the high guest return rate. An abundance of resort amenities including 3 swimming pools & spas, tennis court, gym and BBQ areas make this a holiday makers paradise.
This gorgeous property has award winning gardens the upkeep of which is paid for by the Body Corporate who also furnish a very generous managers salary.
A rare addition to the generously proportioned managers unit is the DLUG and with a large outdoor entertaining area plus two courtyards and garden there is ample room for family visits and guests to enjoy the coastal lifestyle with you.
Currently trading strongly but still with plenty of room for uplift for the savvy operator. Consistent year on year growth giving the opportunity to investors to enjoy attractive yields in this sought-after location.
More Information
- Total Purchase Price: $2,200,000
- Net Income: $ 274,234
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 925,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.6
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?