Easy to Run Resort in Coolum

Coolum Beach, QLD, Australia

Property Info

Location
Coolum Beach, QLD, Australia
Price
$585,000
Property Type:
Coolum Management Rights
Status:
Sold
Code :
S649

Property Description

Set amongst tropical gardens and one street back from the main road, this resort has a quiet, pleasant family atmosphere, yet is only a 2-minute stroll to all that Coolum has to offer.

  • 3 bed managers residence with private patio and fenced yard area.
  • 19 years remaining on agreements with solid BC salary of $32k and a easycare complex to look after.
  • Net income of circa $89k managers cleans or $75k with contract cleaners.
  • This complex can be run by one person plus some assistance with unit cleaning as required.

Opportunity knocks to take the complex to the next level. Ill health is forcing owners to sell at very realistic price offering an opportunity for new managers to re-market and refresh.

Financial Details

Nett Income:
$91,000 (including unit cleans)
Remuneration:
$32,164 + GST

Manager's Unit

Number of Bedrooms:
3
Manager's Unit Value:
$395,000

Letting Rights

Agreement Term:
25 years
Agreement Remaining:
19
Units in Letting Pool:
10
Outside Agents:
2

Property Facilities

  • Swimming Pool
  • Spa
  • Tennis Court
  • BBQ Facilities

Map

Contact Agent


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