Management Rights - Let this be your Seachange

Coolum Beach, QLD
Medium Rise
Total Price: $1,760,000
Net Profit: $207,000
 

Financials

Business Price : $1,025,000
Manager's Unit Price: $735,000
Total Price: $1,760,000
Net Profit: $207,000
Body Corporate Salary: $51,652
Body Corporate Salary Review: CPI or 5%
 
 
Why not take this chance and have your seachange. This 6 year old complex is 4.5 star new and modern. The way the building is designed allows for everyone to take in the centrally located lap pool with it's beach style entry, the plunge and wading pools are adjacent to the enormous heated spa. I'm feeling relaxed already. There are 8 rooftops to take full advantage of whale watching on their annual winter migration and mating rituals. If this is not enough Coolum beach is a mere 100 meters away. With Coolum being one of the fastest going areas on the Sunshine coast, and having new shopping precincts along with the total refurbishment of the surf life saving club, it is hard to go past paradise. 
 
To change your life phone Ian White on  0428 757 613 
 

Letting Pool Breakdown

Total Units In Complex: 35
 

Inside Letting Pool

Permanent: 0
Holiday: 29
Corporate: 0

Outside Letting Pool

Lock Up: 1
Outside Agents: 2
Self Managed: 0
Owner Occupied: 2
 

Manager's Unit and Office

Unit Size: 3 bedroom, 2 bathroom.

The managers unit has A.C. in all 3 bedrooms as well as the living area. There is a court yard that leads off 2 bedrooms, and another that leads off the master and living area. The games room which is on title can be converted into a 4th bedroom or better still, a Studio unit which will add considerably to the real estate value. The studio's income would be a major bonus.
The office is huge and has a back office as well, both have A.C.
With an annual occupancy rate of approx. 50% there is ample room for improvement in this business.

Agreement Term: Accommodation 25 Years
Years To Run: 19 Years

Office Reception: On Title
Office Hours: 8.30-5.30 Mon To Sat
Office Computer: Yes
Office Software: puma
Storage: Yes
 

Facilities

  • Swimming Pool
  • Spa
  • Foxtel
  • Cable
  • Pets Allowed
  • Barbecue
  • Wireless internet
  • Lifts
  • Secure car parking
 
 

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