Key Investment Insights
1. Blue Chip location: The business is located in the highly sought after and prestigious location of Hastings Street in Noosa, offering a prime position for attracting guests and potential buyers.
2. Boutique complex: The complex is small and intimate, with only 14 units, making it easier to manage and maintain a high level of quality and service.
3. North facing unit: The managers unit is positioned to capture the warm northern sun and overlooks Hastings Street, adding to the appeal and value of the property.
4. Potential for improvement: The current occupancy rate is below the average for Hastings Street, providing an opportunity for the new owner to increase revenue and profits.
5. Private jetty: The complex has its own private jetty on the canal, providing a unique and attractive feature for guests.
6. Separate office: The managers unit includes a separate office, allowing for a designated workspace and added convenience for the operator.
7. Single operator: The business is currently run by a single operator, providing the opportunity for a new owner to take on the business as a sole proprietor or with a partner.
8. Strong net profit: The business has a strong net profit of $288,286, providing a solid foundation for potential buyers.
9. Body Corp salary review: The body corp salary is reviewed annually, providing potential for an increase in income for the manager.
10. Long agreement term: The agreement term is 25 years with 21 years remaining, providing long-term security and stability for the business.
11. Manager's apartment value: The value of the manager's apartment is $950,000, providing a significant asset for the new owner.
12. Holiday complex: The complex is primarily holiday units, providing a steady stream of income and potential for growth during peak seasons.
13. Pet-friendly: The complex is not pet-friendly, ensuring a peaceful and quiet environment for guests.
14. Lockup units: The complex has one lockup unit, providing additional security and flexibility for
Management Rights Multiplier: 5.20
ROI Estimate: 19.22%
