Sunshine Towers, Cotton Tree, MAROOCHYDORE

$875,000

RESORT MANAGEMENT RIGHTS IN COTTON TREE

"STEELE REALTY presents this is a unique opportunity comes with two going concern businesses. Sunshine Coast Renatals and Sunshine Towers. Sunshine Towers is a multi level building located only 200m from the beach in the popular Cotton Tree area of the Sunshine Coast. Both businesses are involved with holiday letting not only in the Sunshine Towers building but also in some of the neighbouring buildings in the area. This business could easily be run by one person in conjunction with the current cleaning staff. Enjoy flexibility and lifestyle situated in the beach village of beautiful Cotton Tree, just a two minute walk to the beach.
The Sunshine Towers is a seven storey building including the basement car park which has elevator access to all floors. NBN broadband installed plus a state of the art VOIP telephone system to direct calls.
To run this business you will require a full Real Estate licence. which also allows for additional growth from the rental properties in the area to further grow the business. To the end of January 2019 the business has improved the bottom line profit by 25% over the last 12 months.
The onsite managers will also enjoy the shared swimming pool and BBQ facilities, a great three bedroom, 2 bathroom apartment on the ground floor plus two car parks and two lockable storage sheds in the basement. The managers also have a small amount of caretaking around the property due to the common areas on site.
There are currently 16 properties managed in the two companies with 2 more coming on shortlyl with potential to expand much further.
The managers caretaking/letting agreements are under the Accomodation module of 25 years with 19 years still remaining. The body corp salary for the manager is reviewed annually at the start of each financial year. Each unit has a letting authority with the managers, and each is assignable. The agreements also require the managers to live onsite.
Contact Murray Steele at Steele Realty today if you are interested and would like more information of this unique business opportunity here in the heart of the Sunshine Coast.
Call Murray on 0499 699 663 or email: [email protected]


Listed by

agent

Murray Steele

+61 499 699 663

[email protected]


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