45 Sixth Avenue, Cotton Tree

Cotton Tree Management Rights

This REALLY is a lifestyle investment. No set office hours.
Net Operating Profit $116,167

Situated on the tightly held Sixth Avenue Cotton Tree holiday strip.

A stones throw to the Maroochydore Surf club and patrolled surf beach.
Only 2 blocks from the bowls club and the vibrant village feel of Cotton Tree.

Huge repeat business with a very loyal client base.
15 fully self contained apartments. 5 Lots in the letting pool.
Consisting of 1 and 2 Bedroom apartments.
Resly management system in place and included. Very easy to operate
No set office hours.
Office on title .
Healthy Sinking fund with a pro active body corporate committee.
Extremely low maintenance building, that truly runs itself.
Well presented and extremely tidy, with heated swimming pool and BBQ area.

This boutique complex can easily be suitable for first time operators or provide a fantastic addon business for operators looking to expand.

Currently 5 of 15 units are managed by the current owners/managers .

Managers Residence is, a 3 bedroom 1.5 bathroom 2 car lockup garage that is attached to the residence and more than enough storage available.

Ability to live off site and rent the unit for additional income.

At A Glance

Price: Expressions of Interest invited . Closes Tuesday November 8,2022
Net Operating Profit : $ 116,167
Remuneration / Body Corp Salary: $51103.71 GST Excl.
Body Corp. salary review: CPI Annually
Managers Unit
Bedrooms:3
Bathrooms:1.5
Car Spaces:2 Lock up garage
Office: On Title
Pets OK: With Body Corporate approval.

Complex Information

Complex Type: Holiday and Perm.
Total Units in Complex:15
Total Units in Letting Pool:5
Holiday Units:5
Owner Occupy Units:7
Outside Agent Units:0
Lockup Units:2
Manager Units:1
Agreement Module: Accommodation
Agreement Term: June 14 2041
Agreement Term Remaining: 19 years
Pool: Yes
Spa: No
BBQ Area: Yes
Pay TV: Yes
WIFI: Yes
Security : Third party provider after hours.

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