Management Rights Opportunity â Tranquil Shores, Caloundra

$450,000

Resort / Holiday management rights, Caloundra QLD

1Agency Letting & Management Rights is proud to present the management rights to Tranquil Shores, a boutique holiday apartment resort in the heart of Caloundra on the Sunshine Coast.

Highlights:
Prime location overlooking Pumicestone Passage, steps from Bulcock Street & The Waterfront boardwalk
12-apartment letting pool (9 holiday, 3 permanent)
Strong net profit: $140,692
Long 25-year accommodation module agreement (exp. 2049)
Body Corporate remuneration: $33,687 + GST
Business can be purchased as a stand-alone opportunity, with the option to also acquire the managers unit if required
Facilities include heated pool, spa, BBQ area, secure parking & lush gardens.

Business Price: $450,000
Optional Real Estate: $750,000
Enquiries: Mark McKay 8

More Information

Financial Overview

Total Purchase Price: $450,000
Net Income: $ 140,692 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 750,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 12
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 4
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 21
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 33,687
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Heated Outdoor Pool â Perfect for a refreshing dip or a leisurely swim, no matter the season.Relaxing Spa â Soothe away the day in the warm, bubbling comfort of the resort spa.BBQ Alfresco Areas â Entertain family and friends in a relaxed, outdoor setting.Secure On-Site Parking â Peace of mind for you and your guests.Lush Landscaped Gardens â Immerse yourself in beautifully maintained surrounds that enhance the resortâs tranquil atmosphere.