Maroochydore, Sunshine Coast, QLD
Management and Letting Rights Business For Sale. A profitable business with growth opportunities.
An exceptional business & lifestyle opportunity here at Mylos Holiday Apartments, right on the beach in Maroochydore.
Mylos Holiday Apartments is an opportunity to operate in arguably the best climate in Australia, 200 Mtrs from the sand at Maroochydore Beach, live in a lovely spacious apartment and generate strong returns. The perfect blend of beachside living and a tremendous track record of consistent income.
Imagine being able to earn circa $275k p.a. and still have the ability to build the earnings whilst enjoying everything a coastal lifestyle has to offer. Units in the letting pool generate solid returns and are sought after by investors. Holidaymakers love the relaxed beachside location and come back year after year.
Caretaking Duties currently take 2 hours a day, leaving you enough time to concentrate on your letting business and continue to implement your growth strategy.
Managers Unit:
Large, recently renovated, 3 bedroom, 2 bathroom 1 car.
Split System A/C
Large living area opening up to an extra large balcony
High ceilings and open plan living, this is an outstanding managers residence, the perfect family retreat.
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 portfolio.
Complex Information:
• Complex Type: Holiday and Permanent
• Total Units in Complex: 36
• Total Units in Letting Pool: 23 (19 Holiday + 4 Long Term)
• Outside Agent Units: 7
• Owner Occupy – 6
• Lockup Units: Nil
• Manager Units: 1
• Agreement Module: Accommodation
• Agreement Term: 20 years
• Agreement Term Remaining: 20 years
• Pool: Yes x 2
• BBQ Area: Yes – Poolside
• Spa: No
• Sauna – Yes
• WIFI: Yes
Property Details:
• Address: 2 Maroubra Street , Alexandra Headland. QLD
• Location: Sunshine Coast
• Title Details: [To be inserted]
• Site Measurements: m2
• Property Type: MULTI-STOREY RESIDENTIAL
Financial Summary:
• Sale Price: $1,695,000
• Body Corp Salary: $88,500
• Rental Management Income: $186,000
• Net Operating Profit: $275,000
Outgoings:
• Rates & Water: $3,550p.a.
• R&M Estimated: $800 p.a.
• Body Corp Levies: $7,095 p.a.
• Insurance: $2705 p.a.
Seize this rare opportunity to own a piece of paradise that combines a profitable business with a coastal beachside lifestyle. For further details or to arrange a viewing, contact us today.
2 Maroubra Street, Maroochydore QLD 4558
3,009 m2
2/2 Maroubra Street, Maroochydore QLD 4558
3 Bedrooms
2 Bathrooms
1 Garage
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.
