Exclusive - Prime Coastal Property at Kings Beach - ID 9203

$1,225,000

Resort / Holiday management rights, Kings Beach QLD

Sunshine Coast Management Rights For Sale
No Office Hours & No Requirement To Live Onsite

-Prime Location: Just a short stroll to the iconic Kings Beach, offering guests easy access to the beach, cafes, shops, and vibrant coastal lifestyle.
- 14 Units in Total: Including 9 units in the letting pool (includes 1 external let).
- Managers Unit: Fully renovated 2-bedroom, 2-bathroom unit with ducted air conditioning and private courtyard.
- No Requirement to Live Onsite: Streamlined check-in process is in place with automatic key dispensing system so you can manage the property remotely - perfect for those wishing to live offsite.
- Guest Amenities: Swimming pool and BBQ area enhance the guest experience.
- Flexible Management: No set office hours and low maintenance gardens ensure flexibility.
- Additonal Income: The manager's unit can be added to the letting pool adding the potential for additional income.

With a prime location, well-established infrastructure, and excellent returns, this management rights business presents a fantastic opportunity to invest in one of the Sunshine Coasts most sought-after areas. Whether youre looking for a hands-off investment or the opportunity to live and work in a desirable coastal environment, this property has it all.

Net Profit: $167,208
Asking Price: $1,225,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $1,225,000
Net Income: $ 167,208 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 850,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 2.2
_{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: 9
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 5
_{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: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 14
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 29,379
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 15 years
_{How long is the caretaking contract.}

Agreement Remaining: 15 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 35 years
_{How long has the management rights existed.}

Office Hours: No set hours
_{Required Office Hours}

Complex Features: Swimming pool, BBQ

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 850,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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

Pets: No
_{Can the manager own a pet on site?}

Unit Features: The Managers unit is a contemporary, fully renovated 2-bedroom, 2-bathroom sanctuary, designed with both style and functionality in mind. Features include: Ducted reverse-cycle air conditioning, ensuring year-round climate comfort. A private, enclosed courtyard for ultimate peace and privacy, with a small storage shed. A spacious open courtyard perfect for entertaining or simply relaxing. Secure car parking for added convenience and peace of mindThis modern, well-appointed unit is perfect for a manager looking to reside onsite or for inclusion in the letting pool, offering additional income potential.