Key Investment Insights
1. Premium location on Hastings Street Noosa, seconds from Main Beach and the Noosa River, offering high desirability and tourism appeal.
2. Sale includes rare Hastings Street management rights plus associated real estate, combining operational income with valuable property assets.
3. Strong financial performance, reported net profit of $580,000, indicating high year-round profitability for a holiday market.
4. Asking price $4,200,000 with manager apartment valued at $1,900,000, signalling significant embedded real estate value in the sale.
5. Manager residence is an expansive two bedroom, two bathroom apartment with office on title, renovated kitchen and bathrooms, balcony, one car space, and pets permitted.
6. Boutique rent roll structure, 11 of 18 apartments in the managers letting pool and nine apartments with external letting appointments, providing diversified income streams.
7. Long security of tenure, 25 year accommodation agreement with 21 years remaining, offering stability for continued income.
8. Streamlined operation and year-round demand stated, implying efficient management and steady occupancy for holiday accommodation.
9. Complex features suitable for short-stay guests, including Pay TV and WiFi, enhancing guest experience and rental appeal.
10. Tightly held, once-in-a-lifetime market opportunity on a globally recognised beach strip, creating barriers to entry and potential capital growth.
Management Rights Multiplier: 3.97
ROI Estimate: 13.81%
