Golden Beach on the Water

Golden Beach QLD, Australia

Financial Details

Location
Golden Beach QLD, Australia
Price
$1,099,000
Property Type:
Caloundra Management Rights
Status:
For Sale
Nett Income :
$141,127
Remuneration :
$48,500

Property Description

Established complex in Golden Beach overlooking the Pumicestone passage and offering a stand out managers apartment with views over the water with a business operation that is well run. With the income from a combination of units inside and external to the complex the opportunity exists to expand further.

The total net income is $141k with $123k generated from the resort and $17k from the 4 external units being a mix of short and long term letting. There is also additional income of approx $6k pa from grounds-keeping works at another complex within short walking distance which is not included in the P&L.

  • Family sized water view 3 bed unit with detached office on title and a recent valuation competed at $625k
  • Excellent BC salary of $48k with additional income of $6k pa available from outside works.
  • Currently run by a single operator with some assistance for cleaning.
  • Multiplier of 3.62 on internal income $123,732 and 1.5 on external $17,395
  • Central location close to amenities, waterways and outside activities.

Manager's Unit

Number of Bedrooms:
3
Manager's Unit Value:
$625,000

Letting Rights

Agreement Term:
20 years
Agreement Remaining:
16 years
Units in Letting Pool:
15 + 4 ext
Outside Agents:
1
Lock Up:
2

Property Facilities

  • Swimming Pool
  • Spa
  • Security Undercover Parking
  • BBQ Facilities

Map

Contact Agent


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