7/13 Orvieto Terrace, Kings Beach, QLD 4551

Invest in your own business and property at Kings Beach, where a profitable and easy-to-manage Management Rights and unit package offers you a fantastic lifestyle. With an annual net income of $151,690, you'll enjoy flexible working hours and the beach right at your doorstep?truly living the dream!

The value here is clear for those in the know. A unit valued around $800k leaves approximately $200k for the business, which at 1.3 times income represents excellent value.

This business and unit are ideal for one or two people to manage and is a must-see for anyone looking to capitalise on the Sunshine Coast's booming population and tourism. The complex, consisting of 19 units set in lush subtropical gardens, features a heated pool, barbecue area, and sauna. It's just 80 meters from one of Queensland's best surf and swimming beaches. The central location is perfect for holidaymakers exploring Caloundra and the Sunshine Coast, offering the best in dining, entertainment, shopping, and attractions, all just 30 minutes from the Sunshine Coast Airport. The apartments are comfortably furnished to the highest standards and fully equipped for holiday letting, with rooftop units offering private sundecks and barbecues.

The spacious manager's residence is a lovely three-bedroom unit with open-plan living on the first floor. The master bedroom has an ensuite, and a beautiful balcony where you can enjoy the Sunny Coast weather.

**Financial Summary:**

- Net Operating Profit: $151,690

- Caretaking Salary: $30,348 (Reviewed annually based on CPI)

- Additional income streams include letting commission fees, advertising levy, cleaning fees, etc., as part of the management agreement.

- There's potential to further increase these earnings if the new owner desires.

**Complex Information:**

- 19 fully furnished 2- and 3-bedroom apartments in the complex

- 15 apartments are currently in the management pool

- The office, located on the ground floor, is on the title

**Rates:**

- $2,409.70 per annum

**Body Corporate:**

- $6,347.38 per annum

This is an outstanding opportunity to own a piece of the Sunshine Coast's thriving market.

Disclaimer:

We have taken all reasonable steps to ensure the accuracy of the information in this listing. However, we encourage prospective buyers to conduct their own due diligence and make any necessary enquiries to verify the details provided. Caloundra City Realty accepts no responsibility for any discrepancies or inaccuracies that may arise.