Noosa Heads, Queensland

Price Reduced - Noosa With Breathtaking Views - ID 8225

$1,990,000

Business Description

Sunshine Coast Management Rights For Sale
Welcome To Your New Business Venture!

- Family friendly accommodation with great repeat bookings

- Fully equipped 1, 2 or 3 bedroom apartments

- A few minutes to Noosa Main Beach, Hastings Street and Noosa Junction

- Quiet street location with no traffic noise

- Newly renovated swimming pool and BBQ area

- Low maintenance tropical gardens

- Private off street parking

- 2 bedroom manager's residence with new kitchen and bathroom

- High net profit

This is a rare opportunity to buy a business that hits the sweet spot for investors looking for a quiet complex within close proximity to Noosa Main Beach that also provides for affordable family and group bookings. A strength of the business is their repeat bookings year in, year out.

Whether you are entering the Management Rights industry for the first time or want to expand your portfolio, this business provides a very good opportunity that is hard to find in the present market.

Net Profit: $276,000
Asking Price: $1,990,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Sunshine Coast Management Rights business for sale contact:

Management Rights Brokers
Meagan Monk & Mark McKay

Property Code: 692

Business Summary

Business Snapshot

Price: $1,990,000 Net Profit: $276,000 Remuneration / Body Corp Salary: $45,000

Managers Unit

Value of Managers Apartment: $870,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Recently renovated with new kitchen and bathroom, 2 bedrooms, Large balcony with breathtaking views, Air conditioning, Ceiling fans, Closet storage and quality appliances, The reception is welcoming and functional is located directly off the residence, Private parking for 1 vehicle, Pet permitted with Body Corporate approval

Complex Information

Complex Type: HolidayTotal Units in Complex: 20Total Units in Letting Pool: 18Holiday Units: 16Permanent Units: 2Owner Occupy Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Meagan Monk

Mark McKay

MR Sales

Key Investment Insights

1. Family-friendly accommodation with a high rate of repeat bookings.
2. Fully equipped apartments with 1, 2, or 3 bedrooms.
3. Convenient location just minutes from Noosa Main Beach, Hastings Street, and Noosa Junction.
4. Quiet street with no traffic noise.
5. Recently renovated swimming pool and BBQ area.
6. Low maintenance tropical gardens.
7. Private off-street parking.
8. Spacious 2-bedroom manager's residence with new kitchen and bathroom.
9. High net profit.
10. Rare opportunity in the current market for a quiet complex close to Noosa Main Beach.
11. Ideal for first-time Management Rights investors or those looking to expand their portfolio.
12. Net profit of $276,000 and asking price of $2,090,000 (inclusive of manager's real estate).
13. Property Code: 692.
14. Managers unit recently renovated with new kitchen and bathroom, 2 bedrooms, large balcony with breathtaking views, air conditioning, ceiling fans, closet storage, and quality appliances.
15. Reception is welcoming and functional and located directly off the residence.
16. Private parking for 1 vehicle.
17. Pet-friendly with Body Corporate approval.
18. Complex type: Holiday.
19. Total units in complex: 20.
20. Total units in letting pool: 18.
21. Holiday units: 16.
22. Permanent units: 2.
23. Owner-occupied units: 1.
24. Manager units: 1.
25. Agreement module: Accommodation.
26. Agreement term: 25 years.
27. Agreement term remaining: 17 years.
28. Pool and BBQ area available for use.
29. WIFI available for guests.

Management Rights Multiplier: 4.06
ROI Estimate: 24.64%