Noosa Heads, Queensland

Unique Management Rights Opportunity in Hastings Street, Noosa

$2.050M MR & $1.9M Unit = $3.95M

Business Description

Prime Location on Hastings Street, Noosa:
Discover an exceptional rare investment opportunity in the Iconic Hastings street Noosa with this management rights. This thriving business not only provides a solid income stream but also offers ownership in one of Queensland’s most desirable destinations.

Located right on Hastings Street, this property grants unparalleled access to Noosa’s world-famous beaches, boutique shopping, and vibrant dining scene. Hastings Street is renowned for its relaxed yet luxurious atmosphere, attracting holidaymakers and local visitors alike. As the bustling hub of Noosa, owning management rights here means you're at the center of activity, with high visibility and strong demand from guests and returning guests seeking premium accommodation. Its position enables a lifestyle of ease, with cafes, restaurants, beaches, and attractions all within walking distance. This prime location maximizes high occupancy and offers an enviable coastal lifestyle—perfect for owners who wish to enjoy both a profitable, growing business and the iconic Noosa experience.

Manager’s Unit:
A spacious, apartment that was refurbished in 21/22, overlooking the renowned Hastings Street. Just under 100 metres from the iconic Noosa Beach, it provides stunning views and easy access to the best of Noosa’s attractions.

Growing Business & Strong Profitability:
This well-established management rights business benefits from consistent high occupancy and excellent profit margins. Its reputation for outstanding guest service and efficient management makes it a smart, sustainable investment. The business has 11 in the letting pool and 3 outside units which they manage which brings a total to 14 units.

Low Maintenance & Lifestyle Balance:
With minimal body corporate responsibilities, owners can enjoy a low-stress role and plenty of personal leisure time. This opportunity offers the perfect blend of business success and a relaxed coastal lifestyle.

Rare Market Opportunity & Growing Tourism:
Management rights in Hastings Street Noosa are highly sought after and seldom come available. With Noosa’s steady tourism growth, this is a unique chance to secure a thriving business in a premium location.

Commerical businesses: There are 3 Commerical businesses at the front of the complex which do not generate any income and you do not do any work regarding these businesses.

-$305,949 core net income = $1.79M @ 5.85x
-$86,424 income from 3 apartments externally managed = $260K @ 3x
Total Business = $2.05M

Real Estate:
Managers Unit $1.9M

Total Listing Price $3.950M

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

Business Summary

Business Snapshot

Price: $2.050M MR & $1.9M Unit = $3.95M Net Profit: $392,374 Remuneration / Body Corp Salary: $64,034

Managers Unit

Value of Managers Apartment: $1,900,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 18Total Units in Letting Pool: 11Owner Occupy Units: 4Outside Agent Units: 2Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent

Geoff Hatchman

0427 93....

Ras360

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%