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This stunning business is located in a beautiful spot on the Mooloolaba riverfront just a short walk to the centre of the Sunshine Coast.
This management rights business comprises two buildings, side by side which are streamlined in operation for the ideal tropical lifestyle.
It is a charming riverfront double complex where guests facilities also include a barbecue area and two pools, plus undercover parking.
The Managers residence is an expansive three -bedroom, two-bathroom apartment seconds across from the beautiful Mooloolaba river. It has an adjoining office on title and huge outdoor garden and terrace with views to the river.
A good body corporate salary, no outside agents, and room for growth make this business a must see.
Strategic Investment advantages:
Prime riverfront location in Mooloolaba, a short walk to the Sunshine Coast centre, offering strong location appeal for holiday guests.
Listed price $2,150,000 with reported net profit $260,000, indicating a solid return profile.
Managers remuneration/body corporate salary $102,205, reviewed annually to CPI, providing stable recurring income for the operator.
Managers residence valued at $1,200,000, three bedrooms, two bathrooms, office on title, large garden and terrace with river views, supporting live-in management and asset value.
Two side-by-side buildings streamlined for operation, suggesting operational efficiency and lifestyle alignment with tropical holiday market.
Holiday complexes total of 42 units, 25 units in the letting pool and 16 owner-occupied, indicating a sizeable managed inventory and demand mix.
Long-term agreement structure, 25-year original term with 17 years remaining, providing contractual stability for ongoing management rights. Second building has a new standard module, with the maximum ten years to run.
Guest facilities include two pools, barbecue area, undercover parking, pay TV and Wi-Fi, enhancing guest amenity offering and competitiveness.
No outside agents and noted room for growth, implying potential to increase net income through improved marketing or expanded letting.
Managers apartment is pet-friendly and includes one car space, adding tenant flexibility and market appeal for live-in management.
ROI Estimate is 27.37%.
Alex Barker-Ré LREA
