Noosa has long been one of the most precious gems in Queensland tourism and The Noosa River Retreat enjoys both an unbeatable location and an enviable record for occupancy and profit.
Noosa is one of Australia's most popular beachside destinations, with its stunning beaches, lakes, and the lush hinterland of the majestic Noosa National Park. It's also home to one of only two everglades systems in the world.
Currently delivering a 16 percent return on investment, The Noosa River Retreat offers guests an exceptional holiday experience and is situated just a short walk from the stunning Noosa River, Noosaville Foreshore, Gympie Terrace, and Thomas Street.
It is surrounded by a wide range of restaurants, cafes, wine bars, and lovely parklands perfect for barbecues and picnics.
The Noosa River Retreat offers one-bedroom, self-catering holiday apartments, all with garden and pool views.
There are 17 units in the letting pool (out of 20), ensuring a steady income stream.
The accommodation is set across the ground and first floors, and the complex attracts high volumes of short-term guests, leading to greater profitability compared to traditional long-stay holiday resorts.
There is also an onsite electric car charger for guest use.
“It’s a wonderful property,” says Geoff Hatchman, from Ras360. “It recorded a great profit above $330,000 last year with the figures growing even more this year.
“And the occupancy rate is sitting above 82 percent which is very strong.
“It has a lot of corporate guests during the week which keeps the managers going very well at a time when a lot of properties are quiet. Most short stays average two nights.
“And the weekends are full.”
There are 23 years remaining on the term.
The management rights are priced at $1.196m and the manager’s unit at $799,000 for a total of $1.995m.
The manager’s apartment is a spacious two-bedroom, two-bathroom residence, featuring a modern & fully renovated kitchen. The bathrooms have been upgraded with frameless glass shower screens, and full-height wall tiling, with two toilets.
The primary bedroom includes a walk-in robe, while the second bedroom is equipped with built-in robes, offering ample storage space.
There is split-system air-conditioning and ceiling fans throughout the apartment to ensure comfort year-round.
The apartment also includes a reception/office area, a balcony and two car spaces. Security doors are installed at the reception, back door, and balcony, and the property is fitted with CCTV cameras monitoring the reception area and three sections of the carpark.
The nett profit last year was $332,501 and the body corporate salary is $61,746.12 (incl. GST) with low-maintenance gardens.
Mr Hatchman described The Noosa River Retreat as a rare opportunity to acquire a highly profitable management rights business in a prime Noosaville location.
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