MOOLOOLABA QLD 4557
$1,899,000 (GST na) (under offer)
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- 28 Nov 2016
Low Multiplier at 4.3 & a great business on the beach
Centrally located in one of the most popular & growing holiday destinations in the region the management rights to this iconic Sunshine Coast property are now available for sale.
The Managers unit priced at $595K it is situated on the first level and overlooking the bushland adjacent to the beach and coastal walkway. The managers residence offers modern & comfortable living including air conditioning and 2 bedrooms, the main with ensuite. Enjoy a large balcony and ocean breezes in this quiet & ideal location.
With 28 units in the complex, comprising 24 in the letting pool there is lift access to all levels, fantastic ocean views & all set in tropical bushland with direct access to the north facing beach. With the majority of the units renovated to a high standard this really is one out of the box with good occupancy and high repeat clientele and a Net income of $300k. There is also 3 stylish units the managers let in the next door building with potential to increase.
In close proximity to local shopping and restaurants & with the sound of the ocean at your door all set in tropical and quiet bushland this is the ideal location.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information