Cotton Tree, Sunshine Coast, QLD
Allow a low impact business to pay off a luxury beachside unit, whilst having the ability to earn off site income.
This boutique Management and Letting Rights business is an opportunity to live in arguably the best climate in Australia, 100 Mtrs from the sand at Maroochydore Beach, live in a luxury apartment and work just a few hours a day. ( please click on the link to view “what is management rights” . https://lifestyle-realty.com.au/what-is-management-letting-rights/)
Imagine being able to earn circa $175k p.a. and still have the ability to generate income from an existing job or grow the portfolio and build the earnings whilst enjoying everything a coastal lifestyle has to offer.
Caretaking Duties currently take 2 hours a day, leaving you enough time to concentrate on your letting business and/or other income streams.
Managers Unit – They don’t get much better than this.
Large, recently renovated, 3 bedroom, 2 bathroom 1 office 2 car.
Ducted aircon
Large living area opening up to a massive balcony
High ceilings and open plan living, this is an outstanding managers residence.
BIR in each bedroom and huge ensuite off the master bed.
Kitchen has an island bench, high end fixtures and a recent renovation/upgrade.
Ideal for:
– Families looking for a different way to get into business for themselves and fund living by the beach.
– Empty nesters looking to build cashflow
– Semi retired wanting a more relaxed lifestyle
– Add on business to existing port folio.
Complex Information:
• Complex Type: Holiday and Permanent
• Total Units in Complex: 26
• Total Units in Letting Pool: 8
• Owner Occupy Units: 15
• Outside Agent Units: 0
• Lockup Units: 2
• Manager Units: 1
• Agreement Module: Accommodation
• Agreement Term: 25 years
• Agreement Term Remaining: 21 years
• Pool: Yes
• Spa: yes
• BBQ Area: Yes
• Pay TV: No
• WIFI: Yes
Property Details:
• Address: TBA , Cotton Tree, Maroochydore. QLD
• Location: Sunshine Coast
• Title Details:
• Site Measurements:
• Property Type: MULTI-STOREY RESIDENTIAL (4900)
Financial Summary:
• Sale Price: $1,950,000 ( unit $1,350,000 business $600,000)
• Body Corp Salary: $66,000
• Rental Management Income: $109,000
• Net Operating Profit: $175,000
Outgoings:
• Rates: $3861 p.a.
• Insurance: $2300p.a.
• R&M Estimated: $200 p.a.
• Body Corp Levies: $16,000 p.a.
Seize this rare opportunity to own a piece of paradise that combines profitable business with a laid-back coastal lifestyle. For further details or to arrange a viewing, contact us today
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
