239-245 Gympie Terrace, Noosaville, Queensland
Luxury Riverside Resort with Bluechip Manager's Residence
Business Description
Perfectly located, opposite the Noosa River in the heart of Noosaville’s vibrant café and restaurant strip, the ‘Colonial Resort Noosa’ on Gympie Terrace is one of Noosa’s premier resort complexes. Currently rated number 1 on Trip Advisor, this is an opportunity to manage 15 - one, two and three-bedroom luxury apartments, which are known to engage high-end clientele and ongoing repeat business due to the blue-chip location. The healthy return is generated from letting as well as a generous fixed body corporate salary.
In addition, and occupying a prized position on Elizabeth Street in Noosaville, the managers residence is a spacious standalone 4-bedroom, 3-bathroom home, plus a study and double lock-up garage. Quiet, yet centrally positioned, everything that Noosaville has to offer is right outside your door.
The Colonial Resort Noosa features a large 25m heated lagoon pool and spa, communal BBQ area, equipped gym, sauna and a variety of restaurants and shops within the building. If you are searching for a quality standalone home close to the river, and a first-class business in the Noosa area, be sure to make enquiries into this very special offering.
Business Summary
Business Snapshot
Price:
Net Profit: $276,708 Remuneration / Body Corp Salary: $73,512Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 4Bathrooms: 3Car Spaces: 2Office: Exclusive UsePets OK: YesComplex Information
Complex Type: HolidayTotal Units in Complex: 20Total Units in Letting Pool: 15Owner Occupy Units: 1Outside Agent Units: 1Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 16 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesPay TV: YesWIFI: Yes
Key Investment Insights
1. Prime location in Noosaville's vibrant cafe and restaurant strip, opposite the Noosa River.
2. Highly rated on Trip Advisor, with a loyal and high-end clientele.
3. Consistent and healthy return generated from letting and fixed body corporate salary.
4. Spacious and standalone 4-bedroom, 3-bathroom manager's residence with a study and double lock-up garage.
5. Convenient and central location with easy access to all that Noosaville has to offer.
6. Resort features a large 25m heated lagoon pool and spa, communal BBQ area, gym, sauna, and a variety of restaurants and shops.
7. Business and manager's residence can be purchased together, providing a unique and attractive opportunity.
8. Pet-friendly complex.
9. Complex is a holiday accommodation type with 20 units in total, 15 of which are in the letting pool.
10. Long agreement term of 20 years with 16 years remaining.
11. Additional amenities such as pay TV and WIFI are available.
12. Potential for growth and expansion of the business through marketing and promotion efforts.
13. Strong and established reputation in the Noosa area, with potential for ongoing repeat business.
14. Blue-chip location and high-end clientele make this a desirable and sought-after business opportunity.
15. Manager's residence provides a comfortable and spacious living space for the owners.
