Key Investment Insights
1. Prime location: The business is located on the highly sought-after Hastings Street in Noosa, known for its luxury boutiques, restaurants, and beautiful beachfront.
2. High potential for growth: The occupancy rate of the business is currently below the average for Hastings Street, providing potential for improvement and increased profits.
3. Boutique complex: The complex is small and intimate, with only 14 units, creating a more exclusive and personalized experience for guests.
4. Stunning views: The manager's unit offers a north-facing view over Hastings Street and the complex also backs onto a canal with a private jetty for guests to use.
5. Manager's apartment included: The sale includes a tastefully designed 2 bedroom manager's unit and a separate office on the title.
6. Single operator: The business is currently run by a single operator, providing the opportunity for a new owner to take on the business and make it their own.
7. Body Corp salary review: The body corporate salary is reviewed annually, providing potential for increased income for the manager.
8. Long agreement term: The agreement term for the business is 25 years, with 21 years remaining, providing stability and security for a new owner.
9. Holiday complex: The complex is a holiday complex, providing the opportunity for a new owner to live and work in a beautiful holiday destination.
10. Pet-friendly: While pets are not allowed in the manager's unit, the complex is pet-friendly, providing the opportunity for guests to bring their furry friends on vacation.
11. Additional income potential: The business has potential for additional income through services such as tour bookings, car rentals, and other guest services.
12. Noosa lifestyle: The sale of this business provides the opportunity for a new owner to live and work in one of the most desirable and beautiful locations in Australia, offering a relaxed and luxurious lifestyle.
Management Rights Multiplier: 5.20
ROI Estimate: 19.22%
