Key Investment Insights
1. Located on Noosa's iconic Hastings Street and adjacent to Main Beach and the Noosa River, offering premium, highly sought after address and strong tourism appeal.
2. Management rights package includes boutique Noosa Holiday rent roll, combining accommodation management with associated real estate.
3. Price $4,200,000 with reported net profit $580,000, indicating a strong return profile for the business.
4. Managers unit valued at $1,900,000, comprising a spacious two bedroom, two bathroom apartment with office on title, renovated interiors, high ceilings, balcony and one car space.
5. Body corporate salary/remuneration $65,000 with CPI annual review, providing predictable owner income escalation.
6. Agreement module Accommodation, original term 25 years with 21 years remaining, supplying long term contractual security.
7. Complex comprises 18 units, with 11 units in the MLR letting pool and nine externally appointed units, enabling diversified income streams and control over majority of lettable stock.
8. Low external agent penetration, with only two outside agent units and one owner occupy unit, suggesting high in-house market share and upsell potential.
9. Holiday complex amenities include Pay TV and WiFi, supporting premium guest expectations and occupancy potential.
10. Managers residence located seconds from Main Beach, enhancing on-site management convenience and real estate value.
11. Seller highlights year round profitability and streamlined operation, implying stable cashflow through seasonal cycles in a tightly held market.
Management Rights Multiplier: 3.97
ROI Estimate: 25.22%
