Key Investment Insights
Key Insights:
1. Prime location on Hastings Street, Noosa, one of Queensland's most desirable destinations.
2. Unparalleled access to Noosa's world-famous beaches, boutique shopping, and vibrant dining scene.
3. High visibility and strong demand from guests and returning guests seeking premium accommodation.
4. Spacious, refurbished manager's apartment with stunning views and easy access to Noosa's attractions.
5. Well-established business with consistent high occupancy and excellent profit margins.
6. Low maintenance and lifestyle balance for owners.
7. Rare market opportunity in a highly sought-after location.
8. Growing tourism in Noosa, providing potential for future growth.
9. Three commercial businesses at the front of the complex that do not generate any income.
10. Total business price of $2.05 million, with additional real estate value of $1.9 million for the manager's unit.
11. Total listing price of $3.95 million.
12. Specialized management rights experts, Ras360, handling the sale.
13. Net profit of $392,374 and remuneration/body corp salary of $64,034.
14. Manager's apartment with two bedrooms, two bathrooms, and one car space.
15. Resort/holiday complex with a total of 18 units, 11 in the letting pool, and 4 owner-occupied units.
16. Agreement term of 25 years with 21 years remaining.
Management Rights Multiplier: 5.22
ROI Estimate: 19.14%