Noosa Heads, Queensland
Flexible Living, Prime Location, Endless Potential – ID 9123
$1,950,000
Business Description
Holiday Management Rights for Sale
Unlock Unlimited Potential with Flexible Living Arrangements and Prime Location
- Impressive Net Profit: $319,721
- Option to Live On-Site or Off-Site: Subject to Body Corporate approval
- Additional Income Opportunity: Potential to earn over $30,000 from the manager's residence
- Long-Term Security: Strong Body Corporate Agreement with 25 years term, 22 years remaining
Prime Location: Strategically situated just 1.8kms from Hastings Street and Noosa Main Beach, and a stone's throw away from the Noosa River and Gympie Terrace, this upscale complex is the perfect base for exploring all that Noosa has to offer.
Flexible Living Arrangements: Owners are willing to work with you to either live on-site or explore remote keyless entry options, potentially unlocking additional income streams. The possibilities are endless!
Strong Income Potential: With 22 boutique-style studio suites, fully equipped with modern amenities and air conditioning, plus the manager's unit, there's ample opportunity for solid income returns. A conservative estimate pegs potential earnings at $32,850, with room for supplementary income.
Resort Amenities: Enjoy resort-style living with a resurfaced large pool area, updated entertainment space with BBQ facilities, and lush tropical gardens. Recent upgrades like a fiber-optic internet connection ensure guests have a seamless experience.
Future Growth Potential: With council zoning for short stays only, and plans for a new lightbox sign in 2024, this opportunity is primed for future growth. Strong forward bookings and reasonable body corporate levies make it an investment worth considering.
Looking for a standout opportunity in the management rights market? Look no further! MR Sales presents an unparalleled chance for the right operator to thrive in the heart of Noosa, one of Australia's most sought-after destinations.
Net Profit: $319,721
Asking Price: $1,950,000
(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 Broker
Michael Philpott
Property Code: 748
Business Summary
Business Snapshot
Price: $1,950,000
Net Profit: $319,721 Remuneration / Body Corp Salary: $53,928
Managers Unit
Value of Managers Apartment: $750,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitleThe 194 sqm unit includes two bedrooms, a converted half-bedroom, deeded front and back offices, and exclusive storage for enhanced efficiency.
Complex Information
Complex Type: HolidayTotal Units in Complex: 23Total Units in Letting Pool: 19Outside Agent Units: 2Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes
Key Investment Insights
Management Rights Multiplier: 3.75
ROI Estimate: 26.64%