Ideally Located with Potential to Grow Alexandra Headland, QLD 4572

M contact@managementrights.com W www.managementrights.com

Property Details

RMS proudly and exclusively offer an easy-to-manage, short-stay management rights opportunity located in tranquil Alexandra Headland, between Mooloolaba and Maroochydore on the Sunshine Coast. Comprised of 27 spacious and fully self-contained units with large balconies or courtyards and beautiful views, this property offers highly sought-after holiday accommodation within walking distance of renowned beaches. This business is currently managed by one person and offers significant potential to grow. Key features: Perfect building for a start-up or experienced management couple Solid existing short-term letting pool and high guest return rate Solid body corporate salary and room for growth in letting pool Spacious managers residence Large, separate modern reception area and back office (on title) Easy to maintain Historic maintenance history Superior beach front location close to all amenities

Location

Known by the locals as 'Alex', Alexandra Headland is a laid-back coastal town situated on Queensland's Sunshine Coast that attracts holiday-makers all year round. Alexandra Headland's main attraction is its magnificent coastal frontage of beach, headland and parks extending for kilometres north and south. The swimming beach is patrolled by the Alexandra Headland Surf Club and on any day, visitors can enjoy watching the surfers, or better yet join them. There are many places to sign up for surf lessons and rent boards and for the skaters and bikers, there is an outdoor skate park right alongside the beach. Also provided are picnic and barbecue facilities; so why not enjoy lunch on the barbie with family and friends. While Alexandra Headland has maintained its small-town charm, it is only minutes from major Sunshine Coast shopping centres and attractions. Distance from Brisbane (State Capital): 98 kilometres. Key highlights of the area: 50 meters away from renowned surf beaches A 10-minute walk to Mooloolaba where guests are spoilt for choice with a diverse offering of

restaurants and cafes Close to famous tourist attractions such as Australia Zoo and Underwater World. 5-minute drive to Sunshine Plaza our major shopping centre Public transport

Building Features

Nestled among lush tropical gardens, just 50 metres from Alexandra Headland’s expansive golden beach, this is a three-storey walk up offering 27, large one- two- and three-bedroom apartments featuring two bathrooms and

The first and second level units all have balconies with either ocean or pool and garden views, while the ground floor units have courtyards (some front and back) with garden and pool views.

The spacious, open-plan apartments are comfortably furnished and in addition to a fully equipped kitchen with oven, microwave, dishwasher and fridge, feature a separate laundry with washing machine, dryer, iron and ironing board. There are ceiling fans in all rooms and guests are provided with secure undercover parking.

Tailored to all age groups, the apartments are also equipped with Foxtel and wifi.

Resident facilities include:

A heated inground swimming pool complete with a children’s area A half-size tennis court A barbecue and outdoor dining area alongside the tennis court, under a gazebo A resort-style heated spa, sauna and steam room, and A games room complete with table tennis and computer games

Year built: 1985

Last purchased: 2014

The Managers Residence

Residence The centrally-located manager’s unit is spacious and airy, and features three comfortable bedrooms, two well-designed bathrooms (ensuite) plus a separate laundry. The apartment has been fully renovated with a high-quality fitout and is fully air-conditioned. There is an exclusive-use car park on title plus additional storage. Reception/Office Zone Situated within earshot but independent of the manager’s unit, the air-conditioned reception and back office offer a professional welcome and business hub. Additional exclusive-use areas and facilities include a linen room and storage facility. Price: $495,000 (Including office)

Body Corporate and Agreements

The body corporate is in sound order with a substantial sinking fund and a very workable committee. A comprehensive maintenance program is in place. The gardens and facilities are in impeccable order and kept well maintained. Agreement type: 25-Year (Standard)

Years to run: 20

Body corporate company: Alpha Body Corporate

Office hours on agreements: No set hours on the agreement

Sinking fund balance: TBA

Body corporate fees: $ 6,800 (Per annum)

Rates: $ 2,400 (Per annum)

Business Overview

In addition to a secure body corporate salary, this business currently reports an average 72 percent occupancy with room for growth. This rare opportunity is certainly one to take advantage of whether you’re a newcomer to the management rights industry or an experienced operator looking for an established and easy to manage management rights business. Administrative Details Office software: PUMA

Linen company: Princes

Marketing company: N/A

Office real estate price: (Included in managers real estate).

Staff and Wages Body corporate salary $ 48,967 per annum (CPI Increases)

Letting Pool: The letting pool is stable, benefitting from a significant number of return guests and direct bookings however, an obvious opportunity exists for the operator to further increase the pool from outside agents and property movement. Total units in complex: 27 Short-term (Holiday): 13 Long-term (Permanent): 6 Total in letting pool: 19 Lock-ups: 0 Outside agents: 2 Owner occupiers: 5 Total outside pool: 7 *Please also see attached “Schedule of Fees and Charges” for standard inclusions. Occupancy and Tariffs Average occupancy rates for 2018: 72 Percent Short-term rates: From $140 per night (Average)

*These short-term rates show a broad range from least expensive in the off season to largest unit in the peak season.

Advertising: $45 per month

PABX: $33.00 per month

Postage/Petties: $ 7.70 per month

Credit card charges: 1.79 percent

Cleaning charges: $70.00 (One bedroom) $80.00 (Two bedroom) $85.00 (Three bedroom)

Linen charges $35.00 (One bedroom) $52.00 (Two bedroom) $72.00 (Three bedroom)

Project Budget Breakdown

Matt Campbell 0410 343 219

Barry Davies 0438 554 995

Disclaimer: All information relating to the property and/or business conducted therein, whether given orally and/or in documents, including plans, agreements, income and expenses projected or actual, occupancy rates and the like is provided by the vendor. All intending purchasers are to make their own enquiries and assessments as to the accuracy or otherwise of the information supplied by the vendor

Financial Summary Nett profit: $ 149,120 Business price: $ 500,000 Total real estate: $ 495,000 Total price: $ 950,000 Contact Details For further information, questions and or to arrange an inspection, please call RMS.