Located in a great location minutes from the beach and all local attractions, the complex is rated 3.5 star and consists of 59 apartments all in the letting pool. This business is unique as its operates under a hotel licence which precludes any owner permanently residing in their units or renting them out on a permanent basis. The maximum available stay is 90 days.

Key Features

  • The managers residence is a two bedroom, two bathroom fully airconditioned unit with a private courtyard.
  • Two car parks are allocated to the manager in the secure undercover carpark.
  • The back office is attached and is on-title
  • Agreements have 21 years remaining on term
  • Nautilus Mooloolaba is well located across from the broad from The Wharf complex which includes Underwater World.
  • $117,000 Body Corporate Salary
  • Current under management - Managers may stay on if required

  

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004905
Property Type: Management Rights
Region: QLD - Sunshine Coast
Suburb: Mooloolaba
Sale Type: Management Rights - All
Net Profit: $625,000
Price: $4,257,000

Listing Agent(s)

Agent Feedback

We have recently concluded the sale of our busy holiday resort, and feel very fortunate indeed that Alex Cook of Resort Brokers was our Agent throughout this process.We started the sale process by meeting with several brokers, all of whom where very experienced and had excellent reputations, however, once we met Alex we knew that we would be in good hands through the inevitable challenges of the sales process.Alex proved to be very hard working, proactive, and resourceful. Importantly, he has excellent relationships with all the key specialists in the Management Rights industry - Accountants, Valuers, Financiers, Finance Brokers and Lawyers. Without exception, all of the specialists we worked with throughout the sale process all held Alex in the highest regard, and there was always a congenial and cooperative attitude from them as we worked through the key steps in the sale. I believe that Alex was able to achieve the best possible outcome.We are grateful for his enthusiasm, his focus and his positive attitude, and would have no reservations whatsoever in highly recommending him to any Resident Letting Agent who is thinking of selling.

- Darren & Judy Ackland
Vendor,
Blue Waters Apartments

From the time of engagement, Alex was extremely pro-active in finding the right buyer. At all times, Alex kept me updated during progression of the sale process, acted in a professional manner; sorted out any issues that surfaced during the sale and went above and beyond to ensure all parties were working effectively towards completion. Without Alex's input and assistance I am sure the sale would not have been completed in the professional manner that it was.

- Brad Marquart
Vendor,
Waters Edge on the Broadwater

Thank you Alex for the superlative effort you put in on our behalf to sell our management rights business.  We're sure that you'll agree that it wasn't without challenge from both parties but your tireless positive attitude and willingness to listen and facilitate, were key factors in the success of the process.

- Peter and Kim Holthouse WINDSURFER RESORT