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Overview
Rising 11 storeys above one of the Sunshine Coast's most prized beachfront locations, this management rights business commands a prime oceanfront presence with spectacular views that enhance its appeal to holidaymakers and investors alike. The resort encompasses 67 spacious, self-contained apartments ranging from two to three bedrooms, designed to meet the needs of the coastal surfside market.
The property's letting pool includes over 41 apartments, with consistent occupancy rates surpassing 80%, underscoring the strong demand in this sought-after area. This steady rental performance ensures a robust net operating profit and includes a substantial body corporate salary exceeding $200,000, providing a reliable income foundation. Average room rates continue to rise year-on-year, indicative of ongoing market strength and the resort's prime positioning.
Professionally managed onsite, the business benefits from the current owner residing elsewhere, offering an advantageous setup for investors or purchasers wishing to operate the business without onsite residence. The accommodation modules are secured with 25-year agreements, of which 21 years remain, offering long-term operational security.
- Exceptional ocean-facing location with panoramic views from the majority of units.
- Strong, consistent occupancy exceeding 80% within a vibrant holiday market.
- Comprehensive resort-style amenities enhancing guest experience and property value.
- Attractive body corporate income over $200,000 contributing to profitability.
- Well-established net operating profit reflecting solid business performance.
- Professional onsite management facilitating operational efficiency.
- Long-term accommodation module agreements providing investment security.
This offering is ideal for investors looking to secure a high net, blue-chip management rights asset in a coastal setting with proven earnings and lifestyle appeal. Confidentiality conditions apply, and inspections are strictly by appointment, reflecting the exclusive nature of this opportunity.
Local Market Insights
In Coolum Beach, Quiet Listings observed 5 new commercial properties entering the market over the last 30 days, with an average advertised asking price of $3,274,000. The property type mix of listed properties is predominantly Houses at 65%, followed by apartments (14%), and commercial properties (8%). Lynx Property Group was the most active agency in this area, representing 33.8% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| Net | |
| $6,945,000 |
Location
Coolum Beach QLD 4573
Market Insights for Coolum Beach QLD 4573
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