Best Buy in Queensland

Coolum Beach, QLD, Australia

Property Info

Location
Coolum Beach, QLD, Australia
Price
$999,000
Property Type:
Coolum Management Rights
Status:
For Sale
Code :
S911

Property Description

Compare the Return On Investment here! Best management rights buy in Queensland!
This Resort is situated in the centre of Coolum Beach and only 50 metres to the patrolled beach, Surf Club, cafe lifestyle, scenic boardwalk and restaurants. Good percentage of repeat guest numbers here and a business that consistently performs well and is easily managed by a couple.
Can also be run by 1 person with a Casual Contractor for Resort/Pool cleaning and Cleaning Contractors perform all the apartment cleans - this makes this Resort one of the best lifestyle buys available in any price range. Not only that, the managers enjoy an additional income stream from renting the area previously used as the games room out for $15,600pa which makes the overall income $160,000!! Alternatively, a motivated person/couple could perform some or all of the cleaning and increase this income by up to approximately $25,000 - $30,000. The Resort has just been painted is looking the best it ever has.....nothing to do now except reap the rewards.
The air-conditioned Manager’s Apartment features two carpeted bedrooms with open plan living/dining area and galley kitchen, new floor coverings in living area/kitchen and comes with two secure car spaces and a huge secure storage area, cleaning room and Office.

Property Facilities
•    Brand New Website!
•    Heated Swimming Pool & Plunge Pool with poolside deckchairs
•    7-Seater Spa & Sauna
•    Foxtel
•    Security Undercover Parking
•    Wi-Fi
•    Two BBQ Areas
•    Three Restaurants & Bottle Shop (run separately to Resort)
•    Day Spa (run separately to Resort)

Financial Details

Nett Income:
$144,477
Remuneration:
$37,216

Manager's Unit

Number of Bedrooms:
2
Manager's Unit Value:
$395,000

Letting Rights

Agreement Term:
25 years
Agreement Remaining:
21
Units in Letting Pool:
11 + 2 next door
Outside Agents:
1

Property Facilities

  • Swimming Pool
  • Spa
  • Sauna
  • Cable TV
  • Security Undercover Parking
  • WI-Fi
  • BBQ Facilities
  • Opposite Beach

Map

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If you are interested in purchasing Management Rights please check listings above and contact us.

 

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