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Management Rights
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Investment Property
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Exclusive

Gated Caretaking Opportunity with Luxury Living

$2,050,000

Caretaking management rights, Pelican Waters QLD

Nestled a stones throw from the scenic Pelican Waters Golf Course, this business offers a remarkable combination of luxury, serenity, and prime convenience.
The complex comprises 35 spacious villas and 70 fully appointed apartments, all set within a secure, gated community that exudes exclusivity.
One of the standout features of this opportunity is the freedom it offers. With no set office hours, the manager enjoys complete flexibility, allowing for a truly balanced lifestyle.
Body corporate salaries of this size are rare as hens teeth on the Sunshine Coast and with a simple, efficient caretaking only business model, this is an ideal opportunity for both newcomers and seasoned operators.
There is also significant potential to expand into real estate sales, offering a promising avenue for future growth.

Manager's Residence:
Rarely does an opportunity arise to own a managers residence of this size and quality in a management rights setting. The four-bedroom residence is exceptionally spacious, featuring an expansive office and back office and two stylishly designed bathrooms. Fully air-conditioned for comfort, the unit includes a large private courtyard, perfect for alfresco dining and entertaining, as well as a double lock-up garage. This luxurious home offers the perfect blend of comfort and elegance, making it an enviable living space within this prestigious complex.

Key Highlights:
Large BC salary
No letting = No REA Licence required
Superior location close to all amenities
Resort-style facilities
Next to Pelican Waters Golf Course for the golf enthusiast
No office hours
Huge potential to expand into real estate sales
Spacious four-bedroom residence with large on-title office

More Information

Financial Overview

Total Purchase Price: $2,050,000
Net Income: $ 230,000 (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: 4.1
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 105
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 234,662
_{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: 18 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 21 years
_{How long has the management rights existed.}

Office Hours: None set
_{Required Office Hours}

Complex Features: Vardon Point is a sprawling luxury complex that offers residents and guests a unique choice of quality accommodation. The world class facilities of Vardon Point set a totally new standard in resort style accommodation. Light, space, design and elegance blend together in each of Vardon Pointâs luxury properties. With a range of two-, three- or four bedroom apartments they are ideal for families. Vardon Point offers a tranquil and relaxing hideaway surrounded by one of the top golf courses in Queensland. On-site facilities include the full-size floodlit tennis court, leisure and heated lap pools, multiple BBQ areas, plenty of visitor parking, and above all the peace of mind of being in a secure environment. Vardon Point is also pet friendly.

Real Estate Component

Manager's Unit: 4 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: 2

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: The managerâs unit is unusually spacious and airy, featuring four comfortable bedrooms plus an office and two well-designed bathrooms. The unit has air-conditioning throughout and a large, private courtyard for alfresco dining, and double lock-up garage. The large office features an outstanding fit out that offers a professional welcome and business hub for the property. Additional exclusive-use areas and facilities include large storage facilities.