Boutique Resort in Central Sunshine Coast

$2,175,500

Resort / Holiday management rights, Maroochydore QLD

Walking distance to Malls, Surf clubs, Restaurants, Cafes surrounding Maroochydore/Cottontree
49 upmarket spacious apartments and 8 commercial sites including cafe ,restaurant, hairdresser and gift shop.
Heated swimming and spa pool running with magnesium make for a very therapeutic swim.
On site laundry storage and cleaning facility with new equipment.
Onsite separate reception area/exclusive use and no office hours
This property offers an easily run business/lifestyle for an astute business couple.

More Information

Financial Overview

Total Purchase Price: $2,175,500
Net Income: $ 239,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,100,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.5
_{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: 7
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 39
_{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: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 49
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 152,000
_{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: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 18 years
_{How long has the management rights existed.}

Office Hours: No office hours required
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,100,000
_{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: Yes
_{Can the manager own a pet on site?}

Unit Features: Large 2 bedroom 2 bathroom apartment with large entertainers balcony looking out to the Cottontree park and Maroochydore river mouth.