Noosa Heads, Queensland

Iconic Hastings St Location

SOLD

Business Description

Expressions of interest called for an iconic Hastings Street location. Extensive Information Memorandum available to qualified buyers. Confidentiality conditions apply.

Tourism is the second largest industry in Australia and Queensland, worth $117.9b to the Australian economy and $19.8b to Queensland, and importantly it is the number one industry in many regional economies, including Noosa and the Sunshine Coast.

Tourism delivered a record $940m to Noosa’s economy in total visitor expenditure in the year to September 2016 and the sector is the largest employer in the region.

The Sunshine Coast was second only to the Whitsundays region as the fastest growing domestic tourism region in Queensland. The 13.5% growth rate for the Sunshine Coast region compared to the 4.8% growth rate for Australia and 1.8% increase for Queensland.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $339,453

Managers Unit

Office: On TitlePets OK: Yes

Complex Information

Complex Type: n/aTotal Units in Complex: 25Total Units in Letting Pool: 22Outside Agent Units: 1Lockup Units: 1

Marketing Agent

Matt Campbell

0410 34....

Matt Campbell

0410 34....

Resort Management Sales

Key Investment Insights

1. Prime location on iconic Hastings Street
2. Extensive Information Memorandum available to qualified buyers
3. Confidentiality conditions apply
4. Tourism is the second largest industry in Australia and Queensland
5. Noosa and the Sunshine Coast are popular tourist destinations
6. Record $940m in total visitor expenditure in Noosa in 2016
7. Tourism is the largest employer in the region
8. Sunshine Coast is the second fastest growing domestic tourism region in Queensland
9. 13.5% growth rate for Sunshine Coast compared to 4.8% for Australia and 1.8% for Queensland
10. Business has been sold
11. Net profit of $339,453
12. Manager's unit is included and pets are allowed
13. Complex has 25 units in total
14. 22 units are in the letting pool
15. 1 unit is managed by an outside agent
16. 1 lockup unit