Centrepoint Caloundra.
Permanent-let management rights, beachfront Caloundra. Seventeen years in one pair of hands. Net $478k FY26 audited. 70 of 92 lots in pool.
Seventeen years in one pair of hands.
Centrepoint sits sixty metres from King's Beach Esplanade — a 92-lot permanent-let scheme, 70 in the pool, with a 15-year agreement just topped up. The vendor has held it since 2008. The numbers are clean, the body corporate is quiet, and the unit count means a single manager runs the building without a relief team.
Caloundra is the Sunshine Coast's most undersupplied permanent-let market. The Esplanade has not seen a beachfront MR transaction at this scale in four years.
The numbers.
| Line | FY23 | FY24 | FY25 |
|---|---|---|---|
| Letting income | $612k | $634k | $651k |
| Caretaking salary | $184k | $190k | $196k |
| Total revenue | $796k | $824k | $847k |
| Operating costs | $338k | $352k | $369k |
| Net profit | $458k | $472k | $478k |
| Manager remuneration | $184k | $190k | $196k |
| Line | Class avg | This listing |
|---|---|---|
| Avg multiplier (QLD MR · permanent) | 5.4× | vs this 5.2× |
| Avg net profit (60-80 unit pool) | $315k | vs this $478k |
| Avg DOM (similar listings 12mo) | 104 days | vs this 23 days |
| Avg manager-unit value | $685k | vs this $745k |
Built for repeat guests, not turnover.
Module B permanent-let buildings rise and fall on tenant retention. Centrepoint runs at 96% occupancy with an average tenancy of 4.2 years — the kind of book that absorbs interest-rate cycles without flinching.
- ✓96% trailing-12 occupancy
- ✓Average tenancy 4.2 years
- ✓70 of 92 lots in letting pool
- ✓4 long-term tenants > 10 yrs
- ✓0 evictions FY24-FY26
- ✓Body corp arrears < 1%
- ✓Zero vacancy at handover
- ✓Manager unit 3-bed, 2-bath, ocean glimpse
The asset, the manager unit, the location.
Caloundra.
Sixty metres to King's Beach Esplanade. Twenty minutes to Sunshine Coast Airport.
Run the numbers yourself.
Same model our brokers use to appraise. Adjust net profit, multiplier, real-estate component. The result is indicative — independent appraisal available on request.
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