SC205
This beautiful Management Rights is offered exclusively by CBMR Resort Sales.
With an Esplanade Ocean front position at stunning Golden Beach, Caloundra, in the Sunshine Coast, a truly wonderful lifestyle awaits.
It is a small and boutique, easily run letting pool, with no obligation to live on site and new 25-year agreements - this ticks all the boxes.
A 1 / 1.5 person operation allows the operators to enjoy the stunning views and Golden Beach lifestyle just a few steps to the sand and a short walk to an array of restaurants and amenities. Spacious two or three bedroom holiday apartments feature lift access from secure garage, master bedroom with ensuite, second bathroom, full kitchen, lounge and dining area, laundry and huge balconies with spectacular views of Pumicestone Passage, Bribie Island and The Pacific Ocean.
The manager's residence can be let out to generate excellent additional income if desired, or the new manager can enjoy this spacious and well-designed residence with separate office on title to providing total flexibility of operation.
No set office hours, Good body corporate salary (low maintenance grounds) ongoing maintenance scheme, and a stunning location make this a must see.
Insights for the Investor
1. Prime Esplanade oceanfront location at Golden Beach, Caloundra, a few steps to the sand with short walk to restaurants and amenities, strong lifestyle appeal.
2. Listed price $1,180,000 with reported net profit $100,000, indicating an established income stream.
3. Manager remuneration/body corporate salary $41,784, reviewed annually by CPI, providing predictable ancillary income.
4. New 25-year accommodation agreements in place, 25 years remaining, offering long-term contractual security.
5. Small boutique complex scale, 16 total units with only 7 in the letting pool, enabling easy management and personalised service.
6. 1 to 1.5 person operation feasible, lowering labour requirements and operating costs.
7. Manager’s apartment valued at $750,000, 2 bedrooms, 2 bathrooms, office on title and one car space, can be occupied or rented for additional income.
8. Apartments are spacious 2–3 bedroom holiday layouts with lift access from secure garage, master ensuite, full kitchen, laundry and large balconies with extensive water views.
9. On-site amenities include pool, BBQ area and WiFi, enhancing guest appeal and letting performance.
10. No obligation to live on site and no set office hours, offering operational flexibility for the incoming manager.
11. Low maintenance grounds with an ongoing maintenance scheme, reducing upkeep burden and potentially lowering unexpected expenses.
Management Rights Multiplier: 4.30
ROI Estimate: 23.26%
Alex Barker-Ré LREA
