PROPERTY DESCRIPTION
Resort / Holiday Management Rights
• Net Income:$123,833 (actual)
• Remuneration:$34,588.60 (ex GST)
• Letting Pool:7
• Manager’s Estate (included):$ 725,000 – 3Bed| 2Bath| 1 Car | Pet Friendly
Here’s the sea-change you’ve been looking for. This opportunity provides a beautifully renovated and spacious three-bedroom apartment with water views, plus an immediate income from a well-established holiday letting business and building caretaker rights.
Located within the vibrant enclave of Golden Beach, the complex overlooks the waters of The Pumicestone Passage and beyond Bribie Island. With local shops only 250m away and a children’s playground across the road, guests love the convenience of leaving their car in the garage and just walking.
Located at the southern end of the Sunshine Coast, the complex is only 30 minutes from the Sunshine Coast Airport and 1 hour 15 minutes from Brisbane airport, making it very accessible for interstate and overseas visitors. Plus, the business has a very strong guest-base who drive from regional Queensland.
There are 18 apartments in the complex, with seven in the letting pool (six holiday and one permanent), offering spacious two and three bedroom-apartments all with a huge balcony, a fully equipped kitchen and laundry, air-conditioning and ceiling fans. Plus, the complex offers:
• Heated Swimming Pool
• Outdoor BBQ facilities
• Underground Security Parking and Car Wash Bay
• Wi-Fi, CCTV and Intercom
• Lift from basement to all levels
The large ground-floor three-bedroom Manager’s apartment offers pretty water views from its front patio, plus a large rear patio that provides direct access to a quiet communal garden.
The apartment’s large master bedroom has an ensuite and luxurious WIR, plus the other bedrooms have high quality built-in wardrobes. The flooring is a combination of bamboo boards plus new light grey wool carpet. The light grey walls, white shutters, sleek gallery style black lighting, plus stone topped kitchen continue the luxurious feel. It has a combination of air-conditioning and fans throughout. One secure underground lock-up garage comes with the apartment.
An office is located on the Manager’s Lot Title, for the benefit of the holiday-letting business. There is however, no requirement in the Caretaking Agreement for the Manager to provide an office or set opening times for Body Corporate requirements or residents.
Opportunity Benefits:
• Have the beach lifestyle you’ve dreamed of
• Set your own business and office hours
• Structure the caretaker work and bookings to suit your requirements
• Easy building and grounds to maintain
• Very supportive Body Corporate Committee and Residents
• Healthy Administrative and Sinking Funds
• Supportive Management Rights Community on the Sunshine Coast
Business Summary
Building Type: Mid rise
Built: 1993
Total Lots: 18
Letting Pool: 7 (one more from May 2022)
• Holiday 6
• Permanent Tenant 1
Other Lots: Outside Agent – Permanent Tenant 1
Lockups/Weekenders 3
Resident Owners 7 (including managers)
Body Corporate Information:
Agreement Term: 25 Years
Expiring: 2038
Module: Accommodation
Remuneration: $34,588.60 (exl gst)
Body Corporate Levies: $7,359.65 pa
Council Rates: $2,621.32 pa
Requirement to live onsite: Yes
Financials: (In Australian Dollars)
Net Profit: $123,833.77
Real Estate Sale Price: $725,000.00
Business Price: $370,000.00
(2.9 multiplier)
TOTAL PRICE: $1,095,000.00