This 28-unit boutique complex has 15 units currently in the letting pool and a solid $31,728 Body Corporate salary ($1,133 per lot) underpinned by 25-year agreements that commenced in April 2018. With no unit to buy, no requirement to live onsite and no fixed office hours, this business would make a great add on to an existing management rights or simply provide a strong income stream to a locally based operator.

Key Features

  • Strong rental area
  • New building
  • New Agreements
  • Idea add on or first timer
  • Can be purchased in conjunction with Sunset Boulevard
  • Low maintenance grounds

 NB: Property inspections are by appointment only

Key Details

Listing Ref: MRB005647
Property Type: Management Rights
Region: QLD - Sunshine Coast
Suburb: Maroochydore
Sale Type: Management Rights - Business only
Net Profit: $56,204
Price: $213,575

Listing Agent(s)

Agent Feedback

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

We recently sold our management rights business “La Mer Apartments” in Sunshine Beach. After purchasing the business eight years ago through Glenn Millar from Resort Brokers we had no hesitation in contacting him again to get the sale process underway, once we had made a decision to move on. The sale of our complex was quick and easy, and Glenn handled the process in a very thorough and professional way. Glenn has extensive knowledge of the management rights industry, and I would definitely recommend him to anyone contemplating buying or selling.

- Michael & Lesley Minns
Vendor,
La Mer Apartments

Throughout the process of searching for a business, identifying possible purchases, investigating and ultimately negotiating the contract of sale, we found that Glenn was very helpful and informative. He assisted with his industry knowledge and advice whilst maintaining a professional approach. This allowed us to make an informed decision to purchase.

- V Galle and S Boughton OCEANS MOOLOOLABA