Key Investment Insights
1. The business is a resort management rights opportunity located in Noosa Heads, a popular tourist destination in Australia.
2. The business has a strong net return of approximately $285,000.
3. The body corporate salary is $42,500 with an annual CPI increase.
4. The resort is a beautiful tropical property with stunning views of Noosa Heads and the Hinterland.
5. The location is ideal, just a short walk to Noosa's main beach, Hastings Street, and Noosa Junction.
6. The manager's 2-bedroom apartment has been newly refurbished and has a large balcony with views of Noosa and the Hinterland.
7. The business is experiencing rapid growth and is expected to continue growing until 2023/24.
8. The resort has recently added a new pool and BBQ area for guests to enjoy.
9. There is offsite parking available for guests and small trailers.
10. The property is conveniently located near popular bar and restaurant precincts.
11. The business has a high rating on Trip Advisor and receives many repeat bookings from satisfied guests.
12. The asking price for the business is $2,090,000.
13. The managers unit is valued at $870,000 and has been fully renovated.
14. The complex is primarily a holiday resort with 18 units in the letting pool, 1 owner-occupied unit, and 1 lockup unit.
15. The complex has amenities such as a pool, BBQ area, pay TV, and WIFI.
16. The property is located on a quiet street away from traffic and noise.
Management Rights Multiplier: 4.06
ROI Estimate: 24.64%