PROPERTY DESCRIPTION
Offers Over $4,275,000
After 8 years Owning and working in the business this young family are looking for new challengers and experiences for their growing children.
Business comprises Two Management Rights Business and One Apartment, One business and apartment on the Waterfront at Caloundra while the other business is on the Waterfront at Kings Beach. Staff are engaged to work between the two complexes thereby streamlining the operation and providing a superior return on your investment. Business figures are being verified by the owners accountant and shows a combined net profits of $582,368 ($437,386 and $144,982). Body Corporate salaries of $57,200 and $38,800 – Total of $96,000. 3 years financials are available for the Caloundra complex and the past 12 months for the Kings Beach Property.
Caloundra Property fronts onto the Pumicestone Passage with its own private Boardwalk. Lagoon Swimming Pool including heated Spa Bath is the major feature of the complex. Each unit benefits from Pumicestone Passage water views with the majority having undergone refurbishment in the past 2 years. 7 of the 30 holiday units in the letting pool have dual keys enhancing the income potential of those units. Car Parking for all units are located under the building. Main entry has a well appointed reception area to welcome your guests. Kings Beach complex fronts directly onto the very popular Kings Beach and does not involve the purchase of any real estate. Compact Reception / Office is located at the front of the building and is ideal for welcoming guests – limited hours only required. Pool and BBQ area in front of the complex overlooking Kings Beach – simply stunning.
Caloundra Property Only – The spacious 3 bedroom unit is ideal for the growing family, open plan living area opens onto lovely courtyard with views to Bribie Island. Recently renovated the unit is modern and is ready to be enjoyed. The main bathroom includes bath tub and shower, vanity and has a separate toilet. The Master bedroom includes a walk-in robe and ensuite. The renovated kitchen is a credit to the current owners and is stunning with its beautiful waterfall edge bench top. The unit comes with 2 car spaces and additional storage in the car park. Reception and Office are conveniently located yet separate from the home environment. Ideal set up to run your various businesses and enjoy life on the Sunshine Coast. Additional housekeeping, laundry and storage facilities located in the car park are being utilised by the managers in the running of the Holiday and caretaking businesses
Perfectly located on south-east Queensland’s rapidly expanding Sunshine Coast, Watermark Resort and Pandanus Court are ideally positioned to benefit from everything the region has to offer. Very popular with local Queenslanders, particularly from Brisbane and the Darling Downs, both buildings receive excellent direct bookings from returned guests.
Enormous residential developments in neighboring Caloundra West, Pelican Waters, Aura and Sippy Downs, complemented by large infrastructure projects such as the nearby Sunshine Coast hospital, Maroochydore city redevelopment project, the new Sunshine Coast international airport expansion, the proposed light rail project linking Caloundra to Maroochydore, and the current upgrade of the Bruce highway all serve to provide exponential population and tourism growth that are yet to be realised.
With Caloundra being the closest Sunshine Coast city to both Brisbane and the world famous Australia Zoo, Watermark and Pandanus are both well positioned to take advantage of the increased tourism numbers predicted to pour into the region in future years.
Iconic destinations such as Moffat Beach, Aussie World, Australia Zoo, Montville, Mooloolaba, Eumundi and Noosa are all just a short drive away – perfect for both guests and resort managers keen to explore their new surrounds.
For more details about this business opportunity please contact Listing Agent Chris Hinkly to obtain the Information memorandum pertaining to Watermark Resort and Pandanus Court.
NET INCOME totals $582,368
Management Rights Business includes 40 units under management
Body Corporate Salaries total approx. $96,000
Only one property to purchase – Watermark, 3 bedroom unit for $900,000