Premier Coastal Opportunity
$3,300,000
Resort / Holiday management rights, Dicky Beach QLD
This premium property is perfectly situated across from the serene Dicky Beach, providing easy access to local shops and restaurants while maintaining a peaceful ambiance away from the bustling center of Caloundra.
Opposite an unspoilt stretch of sun-drenched white sand. Set amidst landscaped tropical gardens, all apartments feature an open-plan design with large timber decks or private balconies to enjoy the sea breezes. Just a short drive from Caloundra's main attractions, this property is an ideal holiday destination blending relaxation and adventure. The Sunshine Coast is just an hour north of Brisbane, making it a perfect base for a coastal getaway. With local amenities within walking distance, there's no need for a car.
The business comprises 55 units, with 34 in the letting pool, offering a manageable yet profitable operation. Most units are finished to a high standard and are well equipped. Despite the solid returns, there remains potential for growth with additional units available outside the current rental pool.
With long agreements, a large body corporate salary, extensive storage areas, and a spacious 3-bedroom manager's unit this one ticks the boxes. The business is currently run under management, providing room for improvement for a hands-on operator.
Key Highlights
-Prime beachfront location directly opposite Dicky Beach
-Close to major attractions
-Established letting pool with high guest return rates.
-No set office hours
-Large Body Corporate salary
-24 years remaining on agreements
-Supportive Body Corporate committee
More Information
- Total Purchase Price: $3,300,000
- Net Income: $ 463,549
(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: 5.1
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?