Key Investment Insights
1. Price $4,200,000, net profit $580,000, business value $2,300,000, indicating a strong price-to-profit multiple and significant real estate component.
2. Management rights sale includes associated real estate, comprising a high-value managers apartment valued at $1,900,000.
3. Managers apartment is expansive two-bedroom, two-bathroom with separate office on title, renovated kitchen and bathrooms, high ceilings, balcony, one car space, and pets allowed.
4. Established, long-dated management agreement, 25-year module for accommodation with 21 years remaining, providing contract stability and recurring income.
5. Body corporate salary $65,000 with annual CPI review, offering indexed remuneration for the managers.
6. Letting pool comprises 11 apartments in the MLR letting pool, supplemented by nine apartments with external letting appointments, creating diversified revenue streams.
7. Total complex 18 units, with one owner-occupy unit and two outside-agent units, implying a tightly held, small-scale boutique operation.
8. Identified as a holiday complex with included utilities for guests such as Pay TV and WiFi, supporting strong short-stay market appeal.
9. Prime location on Hastings Street, Noosa Main Beach and Noosa River, delivering exceptional address-driven demand and high real estate desirability.
10. Seller highlights year-round profitability and a streamlined operation, suggesting operational efficiency and resilience in an exclusive, tightly held market.
Management Rights Multiplier: 3.97
ROI Estimate: 13.81%
