Upmarket Sunshine Beach Holiday Complex

$1,295,000

Resort / Holiday management rights, Sunshine Beach QLD

Resort Management Sales are pleased to present the unique management rights business opportunity for this prestigious 4-star holiday destination located in Sunshine Beach Village on Australias Sunshine Coast.
Just 200 metres from the Sunshine Beach foreshore and surf club this complex is well positioned to offer access to all that Noosa has to offer and is only a 5 minute drive from Noosas Hastings Street and Main Beach.
Excellent repeat business here due to the sought after location.
Whether youre a newcomer to the management rights industry or an experienced operator looking for an established and easy to manage Management Rights business this is one to consider.

Key highlights
- First time to the market in 8 years
- Superior location close to the beach and all amenities.
- elevated position ensures fantastic ocean views
-Investors enjoy attractive yields and strong occupancy rates.
-Proximity to Sunshine Coast tourist attractions.
- Solid existing short-term letting pool and high guest return rate
- Ideal building for start-up or experienced management couple
-Lift access to all levels from the garage level.

More Information

Financial Overview

Total Purchase Price: $1,295,000
Net Income: $ 163,608 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 820,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 2.9
_{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: 10
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 9
_{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: 18
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 60,807
_{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: 34 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Heated pool spa, BBQ, lift, secured parking

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 820,000
_{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: The managerâs apartment is well designed, featuring 2 large bedrooms with 2 well-designed bathrooms one of which is an ensuite. As well as the open plan kitchen/diner/living area there is a separate laundry room and a large private alfresco area ideal for entertaining.