Please refer to Reference No: MR80

Management Rights

Managers Unit: 2 Bedrooms

The managers residence is a multi level 2 bedroom apartment which allows management the versitility of a combination of 2 x 1 bedroom apartments. Managers have an expansive balcony with plenty of room to entertain. Reception and back office is on title plus plenty of storage facilities. Internal access from reception to the upper level with both units having secure seperate entrances.

Financial Snapshot

• Net Profit: $550,000
• Business Value: $3,350,000
• Salary Review: CPI annually

Complex Information

• Star Rating: 4.5 Star
•    Apartments in Letting Pool: 58
•    Holiday Letting: 57
•    Permanent Letting: 2
•    Outside Agent: 1
•    Lockup: 2
• Agreement Module: Accomodation
• Agreement Term: 25 years
• Agreement Term Remaining: 13 years

Full Description:

Rare opportunity to secure one of the premium resorts on the Sunshine Coast. This beachside resort complex has 61 units in the holiday letting pool showing a strong increasing business netting a profit of $550,000pa at only 55% occupancy, plenty of growth to be had here for the right operators. The resort has all the features you would expect from a property of this calibre including heated pools, spas, sauna, games room, gymnasium and roof top spas. The business is strengthened by the close proximity of the beach and the esplanade cafes and resturants. The managers have included a freehold 2 level apartment with massive entertaining deck plus extensive exclusive use areas. A very well presented building in the premium location cannot be missed.

For more information or to arrange your inspection of this property contact marketing agent Monty Van Dyk direct on 0413 770 636 or email monty.vandyk@kapitolbrokers.com.au

Summary:

62 unit resort
59 units holiday let
Strong business net profit $550,000
2 level managers apartment included in sale
Sale price $3,700,000

visit www.kapitolbrokers.com.au

Sustainability Declaration if relevant to this listing can be supplied upon request, contact marketing agent.