Management Rights - Mooloolaba, QLD

Mooloolaba, QLD

$180,000

Property Description

Management Rights Shareholding Opportunity

This is a rare opportunity for an astute silent investor wanting better returns than offered by the banks. The current shareholder has a capital investment of $180,000. (currently structured with a bank guarantee of $285,000)

Solid, minimal risk returns based on historical and future revenue.

All resort management and operational staff is in place. No need to pull up your sleeves and get your hands dirty… Take over this silent partner’s share and become a part owner of the management rights of this premium beachfront resort, located in the heart of the Sunshine Coast beachside precinct of Mooloolaba.

This holiday resort mecca is continually attracting repeat and new business and commands an absolute beachfront location.

The current shareholder (Capital investment $180,000) received over $45,000 per annum for the financial year 16/17 (5.5% Share of the overall operating profit!!!)

An excellent staffing structure to maintain the resort facilities and accommodation standards ensures your business investment decision provides a solid return with minimal effort required.
Financial Overview

Body Corp Salary:
TBA
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
Net Profit:
$45,000
Manager's Unit Price:
$0
Management Rights Price:
$0
Letting Business

Est. Year Built: 1998
Total Units In Complex: 133


Inside Letting Pool

Permanent: 0
Holiday: 107
Corporate: 0
Total: 107

Outside Letting Pool

Lock Up: 3
Outside Agents: 10
Self Managed: 0
Owner Occpd: 12
Total: 25

Number & Type In Letting Pool
Number Type Features
49 1 Bed studio a/c, views,FSC
18 1 Bed Apartment *2 x penthouse rooftop
30 2 Bed Apartment *2 x penthouse rooftop
Tariffs

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

Manager's Unit Size: 2
Office Reception: Huge reception plus three back offices
Office Software: Ezyrez
Office Hours: 9-5 Mon Fir 9-12 Sat and Sun
Storage: Plenty
Office Computer: Several linked PC's
Module: Accommodation
Agreement Term: 10+5+5
Years To Run: 10+5+4
Manager's Unit Description: Bright airy unit on second floor. Private balcony, Stainless steel appliances, air con,

Facilities

Pool: Yes
Spa: Yes
Gym: Yes
Tennis Court: No
Sauna: Yes
Foxtel: Yes
Cable Installed: Yes
Pets Allowed: No
Barbeque Area: Yes
Wireless: Yes

Other Facilities: Complete high class resort facilities and prime location

Property Agent

Sasha Jancevski

Sasha Jancevski

Phone: 0406 075 270
Office: 1300 282 370

Email Listing Agent

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