$800,000
For Sale
COOLUM MINI STORAGE
MANAGEMENT RIGHTS - LOCKABLE STORAGE SHEDS COOLUM BEACH
STEELE REALTY ARE PROUD TO BRING TO THE MARKET THIS UNIQUE BUSINESS OPPORTUNITY.
Looking for a great business opportunity here on the Sunshine Coast, enjoy the fantastic weather and the great lifestyle the Region has to offer. When most people think about management rights they think about holiday letting however managing lockable sheds is a business that is far easier to run in all respects. This is a rare opportunity to own and run your own business which can very easily be run by one person. This could also be the perfect opportunity for a husband and wife team to run the business together also. The computer system unlocks the gates to allow access from 5.30am to 7.30pm daily. From 7.30pm the gates automatically lock so no access is aloud until 5.30am the next day. No late night check in’s with this business. Located only a 5 minute drive to Coolum Beach and close to all amenities.
Included in the sale is the manager’s residence which is on a fully fenced 784m2 block. There is an office at the front of the dwelling to run the business. The house has 3 bedrooms plus a study or 4th bedroom, two living areas, 2 bathrooms plus a third toilet behind the office for visitors to the facility. Plunge pool plus 2 large in water tanks of 80,000 litres.
There are 296 sheds in the complex and these are broken down into lots. The business consists of managing the lots in the rental pool. There are currently 235 of the 244 lots being managed by the onsite managers. At the end of every month the total rental income is pooled from all 235 lots and then each owner is paid the same amount times how many lots they own for that month. The business comes with a long list of chattels including the computer system and software program Storman to run the business and a security system which includes 9 cameras with a recorder that records a month at a time of footage.
The income of the business is made up of a manager’s salary of $53,400 CPI adjusted per year, 10% income from management fees for all rentals per month. Extra income comes from selling insurance to cover the owner’s goods in the sheds. This generates over $2,000 a month of additional profit. Income also comes from selling packing boxes and accessories.
The term of the manager’s contract with the body corp has just been renewed for the next 10 years. General occupancy runs at around 85% every month, currently running at 78%.
Office hours are Monday to Friday 8.30am to 5.00pm, Saturday 9.00am to 12.00pm and closed on Sundays. Access for clients to enter the property are from 5.30am to 7.30pm seven days a week. Each tenant has their own access code to open the gate so the system knows who is coming and going at any one time.
General maintenance required at the property is to keep it clean and tidy, sweep out sheds before a new tenant takes over, lawns and general maintenance required around the property.
Even though there are several tradies hiring sheds on site, these sheds cannot be used as workshops only storage facilities.
In summary this is a well-established business for someone to take over, the current owners have run this business now for 10 years and the time has come for them to move on to another project. The current owners are happy to stay on for a week or two if required at settlement so the new owners have a smooth transition into the business.
If you are looking for a great lifestyle here on the Sunshine Coast better call Murray before it’s too late to arrange a private inspection of this unique business opportunity.
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