Golden Opportunities – What Suits You?

GOLDEN OPPORTUNITY 1

• $1,050,000
Managers Unit, Office and Caretaking Agreement

GOLDEN OPPORTUNITY 2

• $1,250,000
Managers Unit, Office and Caretaking and Letting Agreements

GOLDEN OPPORTUNITY 3

• All Offers Considered – Letting Pool Only

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NOT INTERESTED IN RENTALS!

GOLDEN OPPORTUNITY 1 IS PERFECT FOR YOU

• Level 1 Apartment with Balcony looking across the “Pumicestone Passage”, 3 Bedrooms, 2 Bathrooms.
• Ground floor office space to be used as you like – Private Storage or your own private study
• Lock up Garage for 1 car
• Attend to Caretaking Duties as per Agreements
• Salary of $59,044 plus GST if registered (Increased by $2900 as at 11 Dec 2023)
• No Specific Office Hours
• No need to open the office
• No Need to Live on site so you can rent the unit to generate additional income and live locally to attend to caretaking duties

WANT TO BE FULLY INVOLVED IN MANAGEMENT RIGHTS?

GOLDEN OPPORTUNITY 2 IS FOR YOU

• Everything as per Golden Opportunity 1
• Rentals as detailed below
• Manage the existing rental pool by buying the business as a “walk in walk out” going concern
• Ensure you have a Full Real Estate Licence to cover some external Rentals and to Sell Apartments for additional income
• Maintain the Office as required by the Letting Agreement
• No need to live on site! – Rent the unit for additional Income and live locally! In excess of $30,000 pa

ALREADY A MANAGEMENT RIGHTS OPERATOR?

GOLDEN OPPORTUNITY 3 IS A FANTASTIC EXPANSION OPTION

• See letting details below
• All OFFERS will be considered
• present your written offer for consideration

Sails Resort Golden Beach is a much loved holiday destination on the southern end of the Sunshine Coast with a high degree of repeat guests. The property has been run for many years by a single operator and is suitable for people new to the industry. Very attractive for an existing operator looking at expanding their current business.

Ideally located providing owners and guests the ability to walk to all major local shopping centres and experience everything there is to love about Golden Beach, Caloundra and Kings Beach, all accessible from the adjacent Coastal Pathway.

The new owner will require a Full Real Estate Licence as the business includes a number of external rental managements. By having your Full Real Estate Licence you can then also be involved in the sale of units, something the existing manager has done as part of the Local Agent Onsite Team, a good way to assist your owners and secure an additional financial benefit as a result of your relationship building over the years.

Only have a Resident Letting Agent licence – not a problem – business can be sold with just the rentals in the building. Happy to talk about all different options.

THE FACTS

3 Bedroom Managers Unit is Located on Level 1 with views across The Pumicestone Passage, across to Bribie Island and out to the shipping channel.
The office located on ground level and the lock up garage are both On Title.

Occupation Authorities are held for multiple storage areas on level 1 – used for linen etc. Garden shed and pool pump room are also covered under the occupation authorities.

Required Hours
“maintain and staff the Office between 10AM and 3PM Monday to Friday (excluding public holidays) and during such additional hours as are reasonably necessary to provide the Letting Services”

Apartment Costs
• Body Corporate Levies – 6 Month Period 1/11/2023 to 30/04/2024 is $3932.30 with Pay On time discount applied (Estimate of $7864.60 on a yearly basis)
• Council Rates – 6 Month Period 1/7/23 to 31/12/23 is $1484.52 (Estimate of $2969.04 on yearly basis)

A TOTAL OF 16 UNITS UNDER MANAGEMENT

In The Complex of 29 Units

• 10 Holiday Lettings
• 2 Permanent Rentals

Outside of the complex

• 3 Holiday Lettings
• 2 Permanent Rentals

Caretaking and Letting Agreements are current until 2 November 2040

Body Corporate Salary $59,044 ex GST with Annual CPI adjustment in December. (adjusted 11 Dec 2023 by + $2900)

Net Profit as at 31st December 2022

• $180,047
• External Rentals contributed $22,491 to this result

Total Price is $1,250,000
• Unit $850,000
• Business $400,000

For further information and to arrange your private inspection please contact Agent Chris Hinkly.