239-245 Gympie Terrace, Noosaville, Queensland

Luxury Riverside Resort with Bluechip Manager's Residence

$3,850,000

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: $3,850,000 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: Yes

Complex 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
Marketing Agent
Scott Cowley
Scott Cowley

Kelsie Melville
Kelsie Melville

Noosa Estate Agents

Noosa Estate Agents

Key Investment Insights

1. Prime location in the heart of Noosaville's vibrant café and restaurant strip, opposite the Noosa River.
2. Highly rated and popular resort complex, currently ranked number 1 on Trip Advisor.
3. Consistent high-end clientele and repeat business due to the luxury apartments and blue-chip location.
4. Healthy return generated from letting as well as a generous fixed body corporate salary.
5. Spacious standalone 4-bedroom, 3-bathroom manager's residence with a study and double lock-up garage.
6. Quiet yet centrally positioned, with all of Noosaville's amenities right outside the door.
7. Resort complex features a large heated lagoon pool and spa, communal BBQ area, gym, and sauna.
8. Potential for growth and increased profits with annual CPI body corporate salary review.
9. Pet-friendly manager's residence.
10. Complex is primarily a holiday accommodation with only 1 owner-occupied unit and 1 outside agent unit.
11. Long 20-year accommodation agreement with 16 years remaining.
12. Resort facilities include a pool, spa, sauna, gym, BBQ area, pay TV, and WIFI.
13. Opportunity for a quality standalone home and first-class business in the sought-after Noosa area.
14. 15 luxury apartments in the letting pool, with potential for further growth and expansion.
15. Exclusive use office space for the manager.
Listing location

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