Rare Opportunity to Purchase in Coolum Beach - ID 9145

$2,200,000

Resort / Holiday management rights, Coolum Beach QLD

Sunshine Coast Holiday Management Rights For Sale
Holiday Living

- Rare opportuity to secure this fantastic holiday management rights business
- 25 year agreement with 22 years remaining
- Short stroll to Coolum Beach, restaurants, cafes, boutique shopping & Surf Club
- Modern and spacious 1, 2 and 3 bedroom apartments
- 20 apartments in the letting pool
- Secure, private parking
- Outstanding resort facilities which include 3 heated pools and spas, gymnasium, full size tennis court, multiple BBQ areas and library / business lounge
- Well maintained manager's residence featuring 3 bedrooms, 2 bathrooms, renovated kitchen, 2 car parks and private courtyard

A major repaint of all 4 buildings and associate common areas has created a fresh and vibrant appearance to the complex. The installation of solar panels on rooftops of two of the buildings reduce Body Corporate electricity costs and put downward pressure on levies.

Net Profit: $274,000
Asking Price: $2,200,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $2,200,000
Net Income: $ 274,000 (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: 4.7
_{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: 20
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 15
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 10
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 47
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 124,000
_{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: 26 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Gymnasium, 3 heated swimming pools, 3 spas, Lap pool, BBQ areas, Full sized tennis court, Extensive storage rooms, Wi-Fi, Library/Business lounge

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 925,000
_{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: Spacious residence, 3 bedrooms, 2 bathrooms, Located on the ground floor, 2 secure car parking spaces, Private courtyard plus 2 exclusive use courtyards, Separate reception