Noosa Heads, Queensland
Noosa Management Rights Business Only Sale 23% ROI
$1,395,000
Business Description
This beautiful Noosa business offers 23% ROI, and a multiplier of only 4.34 times. With no managers apartment to purchase, and no residential requirement, this is a rare business only opportunity, maximising returns whilst offering a superb lifestyle. There is potential to grow the business through astute marketing strategies.
With room still to improve occupancy and value, this is your chance to secure a rare business-only management rights in one of Queensland's most exclusive destinations. With no set office hours, this gives the lucky operator complete flexibility and lifestyle options. In a superb central Noosa location, this breathtaking holiday resort business is less than 1km from Noosa's world-famous Hastings Street.
Yes, just a few minutes from Hastings Street and a short walk to Noosa Junction, this fantastic property is situated right at the heart of everything Noosa has to offer. The views have the wow factor. Guests also enjoy a heated pool and spa, rainforest gardens, an entertainment area and BBQ - and a boardwalk to a private Noosa River beach.
Each spacious, light-filled apartment features a large sunny balcony and free Wi-Fi access. The apartments are air- conditioned and feature modern AV equipment, a full kitchen and laundry facilities. From the balcony, guests can enjoy views over the grounds, the city or Laguna Bay.
Call Alex today to discuss and arrange an inspection.
Business Summary
Business Snapshot
Price: $1,395,000
Net Profit: $320,738 Remuneration / Body Corp Salary: $121,934Body corp salary review: CPI Annually
Complex Information
Complex Type: HolidayTotal Units in Complex: 36Total Units in Letting Pool: 20Owner Occupy Units: 12Outside Agent Units: 2Lockup Units: 2Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesBBQ Area: Yes
Key Investment Insights
1. Rare business-only opportunity with a high ROI of 23% and a low multiplier of 4.34 times.
2. No managers apartment to purchase and no residential requirement, providing maximum returns and lifestyle flexibility.
3. Potential for growth through strategic marketing strategies.
4. Located in one of Queensland's most exclusive destinations, Noosa, with a central location just minutes from Hastings Street and a short walk to Noosa Junction.
5. Breathtaking holiday resort with a heated pool and spa, rainforest gardens, entertainment area, and boardwalk to a private Noosa River beach.
6. Spacious and light-filled apartments with modern amenities, including free Wi-Fi, air conditioning, and full kitchen and laundry facilities.
7. Business snapshot: Price of $1,395,000, net profit of $320,738, and remuneration/body corp salary of $121,934 with annual CPI review.
8. Complex information: Holiday complex with 36 units, 20 units in the letting pool, 12 owner-occupied units, 2 outside agent units, and 2 lockup units.
9. Agreement module is standard with a 10-year term and 10 years remaining.
10. Amenities include a pool, spa, and BBQ area.
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