Noosa Heads, Queensland

Dynamic seaside living - prime location, limitless earning potential

SOLD

Business Description

Embrace a remarkable opportunity to take the reins of management rights for a distinguished holiday resort located in the captivating Noosa Heads region. This exceptional property, surrounded by flourishing tropical gardens, presents an unparalleled chance to enter a thriving market that attracts visitors year-round. With an impressive net profit of $319,721, this venture offers a substantial 16.4% return on investment, making it an enticing option for both seasoned investors and newcomers alike.

You have the flexibility to choose your living arrangement, with the option to reside on-site or maintain an off-site presence, pending Body Corporate approval. This flexibility opens up various possibilities for your lifestyle and work balance. Furthermore, the property offers a lucrative opportunity to generate over $30,000 in additional income from the manager's residence, enhancing your financial outlook significantly. The long-term stability of this investment is further reinforced by a strong Body Corporate Agreement, boasting a total term of 25 years, with 22 years remaining, ensuring you have ample time to reap the rewards of your investment.

Strategically positioned just 1.8 kilometers from the bustling Hastings Street and Noosa Main Beach, this upscale complex provides guests with seamless access to the beautiful Noosa River and the vibrant Gympie Terrace. This prime location makes the resort a highly desirable destination for couples, families, and business travelers seeking to enjoy the stunning landscapes and attractions that Noosa has to offer.

The current owners are committed to ensuring a smooth transition and are open to discussions regarding flexible living arrangements. Whether you prefer the convenience of residing on the property or wish to explore modern remote keyless entry systems, the potential for optimizing your income is extensive. The resort features 22 elegantly designed boutique studio suites, each equipped with contemporary amenities and air conditioning, alongside a dedicated manager's unit. This arrangement provides ample opportunities for solid revenue generation, with conservative income estimates suggesting potential earnings of $32,850, along with possibilities for supplemental income.

Guests can indulge in a lifestyle rich with amenities that enhance their experience, including a beautifully resurfaced large swimming pool, upgraded communal areas featuring BBQ facilities for entertaining, and meticulously maintained tropical gardens that create a tranquil atmosphere. Recent enhancements, including high-speed fiber-optic internet connectivity, guarantee that visitors enjoy a modern and hassle-free stay.

The investment potential is bolstered by the council zoning, which is specifically designated for short stays. With exciting plans in place for a new lightbox sign to be installed in 2024, this property is strategically poised for future growth and expansion. The resort enjoys robust forward bookings, indicating its popularity, and the Body Corporate levies are reasonable, making this a smart investment choice.

If you're seeking an outstanding opportunity in the management rights sector, look no further! MR Sales offers a unique and compelling chance for the right operator to thrive in the heart of Noosa, one of Australia’s most sought-after destinations. With its blend of natural beauty, vibrant culture, and strong financial performance, this property is an investment that promises both lifestyle rewards and financial success.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary