Noosa Heads, Queensland
Rare Business only-Fantastic busines opportunity Noosa
Business Only - $688k
Business Description
Business Only-This exceptional complex is strategically positioned to take full advantage of spectacular views that stretch across the ocean, winding river, and breathtaking coastal areas from the renowned Noosa Hill. The location itself is remarkable, providing an idyllic backdrop that enhances both the appeal of the properties and the experience of its residents and guests.
Each apartment within the complex has been carefully refurbished over time, marrying modern elegance with comfort to create inviting living spaces that resonate with style and sophistication. The meticulous upgrades ensure that every unit not only meets but exceeds expectations, providing a luxurious retreat for both short-term visitors and long-term residents.
For those who desire a touch of exclusivity, the stunning penthouses stand out with their own private spas and BBQ areas located on sprawling covered decks. These outdoor spaces are perfect for enjoying the fresh breezes and captivating views while entertaining guests or simply unwinding after a busy day, making every gathering a memorable occasion.
The property boasts a robust history of high repeat guest numbers, representing a lucrative opportunity for prospective buyers. This thriving business is not only easily managed but also poised for continued success. Potential owners can enjoy the benefits of a well-run establishment creating a harmonious balance between work and leisure.
In summary, this is more than just a business opportunity; it’s an invitation to embrace a lifestyle of luxury, comfort, and natural beauty in a highly sought-after location. Whether you’re looking to invest in a flourishing enterprise or simply seeking a unique property that promises remarkable vistas and exceptional living, this complex is a rare gem waiting to be discovered. Don’t miss your chance to own a piece of paradise in this enviable setting!
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: Business Only - $688k
Net Profit: $172,000 Remuneration / Body Corp Salary: $43,955
Complex Information
Complex Type: PermanentTotal Units in Complex: 12Total Units in Letting Pool: 9Owner Occupy Units: 1Outside Agent Units: 1Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 17 years
Key Investment Insights
1. Business only asking price $688,000, net profit $172,000, indicating an attractive net return around 25 percent on asking price.
2. Established management rights model with agreement term 25 years and 17 years remaining, offering long term operational security.
3. Complex comprises 12 permanent units, with nine units in the letting pool, demonstrating a majority short stay revenue base.
4. Low third party control, with only one outside agent unit and one lockup unit, suggesting minimal leakage from the letting pool.
5. One owner occupy unit provides on site residency flexibility or potential owner use.
6. Strong history of high repeat guest numbers, implying steady occupancy and reliable revenue streams.
7. Units have been progressively refurbished, reducing immediate capital expenditure needs and supporting premium positioning.
8. Penthouses feature private spas and BBQ areas on large covered decks, offering high yield premium product and strong appeal for guests.
9. Prime Noosa Hill location with expansive ocean, river and coastal views, enhancing pricing power and marketability.
10. Business described as easily managed, indicating potential for owner operator efficiency or low complexity handover.
