Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier
Buy of the Year $315k Net At 4 Multiplier

Buy of the Year $315k Net At 4 Multiplier

$1,950,000Under Contract

The complex is only one year old with 23 years remaining on the 25 year accommodation module agreements, no fixed office hours and no obligation to reside onsite however we are selling this with the managers unit included. The Reception desk, storage and back office on title which offers additional; security of tenure also on title. The letting pool has steadily grown since opening with 13 units in the letting pool, netting an amazing $16,800 per unit to the manager.

Key Features

  • Near new complex in top location
  • Low multiplier
  • Low maintenance - minimal gardens
  • Great upside- letting pool growing
  • Office reception and two/three bedroom unit title
  • NO fixed office hours in agreements
  • Standard furniture package throughout

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004598
Property Type: Management Rights
Region: QLD - Sunshine Coast
Suburb: Maroochydore
Sale Type: Management Rights - All
Net Profit: $315,000
Price: $1,950,000

Listing Agent(s)

Agent Feedback

Glenn was always accessible by phone and returned calls promptly when he was not available. He always obtained answers to any questions that we had during all of the above processes.We would not hesitate to recommend Glenn to any potential client.

- V Galle and S Boughton OCEANS MOOLOOLABA

We herewith certify that we appointed Glenn as our agent to sell our management rights business at On the Beach Noosa as we found him to be professional when he approached us for the listing. Glen produced a buyer within one week, he achieved our asking price and kept in constant contact throughout the sale period. We would have no hesitation in dealing with Glenn in the future and would recommend him to any seller/buyer.

- Ann & John Bennett
Vendor,
On the Beach Noosa

I’ve been in the Management Rights business for 15 years and have only used Resort Brokers for transactions. Almost a decade ago Glenn Millar successfully managed my sale of Oceans Mooloolaba. Five years ago I bought The Rise Noosa through Glenn and also sold it through him recently. As always Glenn has been totally professional, is well respected and knows the industry like few others. My Company also recently acquired Peppers Hervey Bay (now known as Oceans Resort & Spa Hervey Bay). This was a particularly complex transaction but, again, Glenn handled his part most effectively.

- Gary Rice
Chairman,
Oceans Resort & Spa, Hervey Bay