Key Investment Insights
1. Prime sub‑1 kilometre location to Hastings Street, Main Beach and Noosa Junction, supporting year‑round demand and high guest convenience.
2. Net profit $301,000 against asking price $2,150,000, implying an approximate yield of 14 percent.
3. Manager’s two bedroom apartment included and valued at $895,000, providing business‑and‑home combined ownership and on‑site management.
4. Manager remuneration $52,000 with annual CPI review, offering predictable salary arrangements.
5. Established 20‑unit holiday complex with 18 units in the letting pool, indicating immediate income from short‑term rentals.
6. Strong operational condition, apartments maintained to a high standard with excellent guest ratings across platforms.
7. Onsite amenities that drive occupancy and guest satisfaction, including tropical gardens, heated pool, recently refurbished pool and barbecue area, off‑street underground parking, and free WiFi.
8. Manager’s unit features exclusive use office, huge private balcony with hinterland views, three storerooms, one car space, and pets allowed, enhancing on‑site management capability and lifestyle appeal.
9. Clear upside via revenue management, with explicit opportunities to increase occupancy and average daily rates through dynamic pricing, direct booking focus, social media and refined marketing.
10. Limited owner occupied units and one manager unit within the complex, simplifying operational oversight and unit allocation.
11. Described as priced to sell and likely to transact quickly, signalling potential buyer competition and market desirability.
Management Rights Multiplier: 4.17
ROI Estimate: 23.98%