Noosa Heads, Queensland

Prime Hastings Street Noosa Location and High Performing Opportunity

$4,200,000

Business Description

Premier Hastings Street Management Rights, including boutique Noosa Holiday Rent Roll.

CBMR is proud to offer this stunning portfolio, including a rare Hastings St Management Rights - plus associated real estate, located at Noosa's world-famous Main Beach and Noosa River.

This is the opportunity to buy into an exclusive, tightly held, once in a lifetime market.

This premium business delivers, in terms of year round profitability and streamlined operation, with eleven apartments in the MLR letting pool and nine apartments with external letting appointments.

The Hastings Street residence is an expansive, two-bedroom, two-bathroom apartment, with separate office, seconds across from Noosa's Main Beach, and offers exceptional real estate value in one the most coveted addresses in Queensland.

Business Summary

Business Snapshot

Price: $4,200,000 Net Profit: $580,000 Remuneration / Body Corp Salary: $65,000Business Value: $2,300,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,900,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Expansive 2 bedroom, 2 bathroom residence on the second level. Renovated kitchen and bathrooms, airy and spacious with high ceilings, and balcony.

Complex Information

Complex Type: HolidayTotal Units in Complex: 18Total Units in Letting Pool: 11Owner Occupy Units: 1Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPay TV: YesWIFI: Yes

Marketing Agent

Alex Barker-Ré

0414 83....

Calvin Bailey Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prime Hastings Street position near Noosa Main Beach and Noosa River, offering a highly sought after Queensland address.
2. Reported net profit of $580,000, with $65,000 remuneration or body corporate salary and a total asking price of $4.2 million.
3. Management rights portfolio includes eleven apartments in the letting pool and nine apartments with external letting appointments.
4. The expansive two bedroom, two bathroom manager’s residence includes a separate office, balcony, renovated kitchen and bathrooms, and one car space.
5. The residence is located seconds from Noosa’s Main Beach and is situated on the second level of the complex.
6. The complex contains 18 holiday units, with 21 years remaining on the 25 year accommodation agreement.
7. Streamlined operation supported by an established management rights structure and a boutique Noosa holiday rent roll.
8. Pet friendly residence with pay TV and WiFi available within the complex.

Management Rights Multiplier: 3.97
ROI Estimate: 13.81%