Management Rights - MAROOCHYDORE, QLD

MAROOCHYDORE, QLD

$1,400,000

Property Description

Stunning Oceanviews

Ideally located 12 level beachfront holiday complex offering operators a fantastic lifestyle, complimented by a solid net income, great resort facilities and the ideal environment to capitalize on the increasingly growing holiday market.

With a total of 44 units in the complex and 18 of these in the letting pool, there exists the potential to grow this business and increase on already good returns

The managers apartment has been priced to meet the market resulting in an attractive return on total investment.

Features include:

- Views from most units.
- 30m from the beach.
- Net income of 238K+
- Strong BC salary over $92k.
- Managers unit asking only $280k.

Vendors keen to move on and will consider all reasonable offers.



Heated swimming pool, rooftop BBQ area, internet kiosk, games room.
Financial Overview

Body Corp Salary:
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
Net Profit:
$286000
Manager's Unit Price:
$280000
Management Rights Price:
$1120000
Letting Business

Est. Year Built: 0
Total Units In Complex: 44


Inside Letting Pool

Permanent: 1
Holiday: 17
Corporate: 0
Total: 18

Outside Letting Pool

Lock Up: 0
Outside Agents: 10
Self Managed: 0
Owner Occpd: 16
Total: 0

Number & Type In Letting Pool
Number Type Features
18 2 Bed Self-contained apartments Most apartments have ocean views
Tariffs

Booking Type Details
Permanent
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 2 Bed
Office Reception: Large office area - Exclusive Use
Office Software: Puma
Office Hours: M-F 9.00 to 5.00 Sat 9.00 to 12.00 Sun 9.00 to 12.00
Storage: Yes
Office Computer: Yes
Module: Accommodation
Agreement Term: 10
Years To Run: 10
Manager's Unit Description: Spacious 2 bedroom apartment – air conditioned – positioned on the 2nd level with sunny north-east facing balcony – views over parkland to Maroochydore Beach. One secured car space

Facilities

Pool: YES
Spa: NO
Gym: NO
Tennis Court: NO
Sauna: NO
Foxtel: YES
Cable Installed: YES
Pets Allowed: NO
Barbeque Area: YES

Other Facilities: Rooftop sundeck area with 180deg. ocean views

Property Agent

Don Beveridge

Don Beveridge

Phone: 0417 734 897
Office: 1300 282 370

Email Listing Agent