Noosaville, Queensland

** PRICE REDUCTION *** Noosa River living

$1.06M MR & $765k Unit = Total $1.825M

Business Description

Best Value MR on the beautiful Sunshine Coast with spacious 3 Bedroom 3 bathroom villa NOOSAVILLE
25 year agreement and excellent processes in place for a smooth transition.

This popular family-friendly resort that is perfectly positioned in Noosaville and a short walk to the beautiful Noosa River and award winning restaurants and close to excellent schools. This award-winning holiday resort has a strong occupancy rate consistent throughout the year, solid future bookings and ever-increasing revenue with more opportunity for growth.

The resort has undergone significant capital improvements over the past few years, including the pool area and gardens. There are Long Agreements in place, the Office / Reception is on Title and there are several exclusive-use storage facilities.

Attractively priced with a solid ROI over 15%.

The Managers unit is the biggest three bedroom / three bathroom in the complex, complete with private courtyard and lawn area/garden. Potential to grow and increase profit, and work in beautiful Noosaville.

Genuine buyers please call to arrange an inspection.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $1.06M MR & $765k Unit = Total $1.825M Net Profit: $274,185 Remuneration / Body Corp Salary: $72

Managers Unit

Value of Managers Apartment: $765,000Bedrooms: 3Bathrooms: 3Car Spaces: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 23Total Units in Letting Pool: 17Owner Occupy Units: 1Outside Agent Units: 4Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Marketing Agent
Rossina Gall Sunshine Coast Sales
Rossina Gall Sunshine Coast Sales

Robert Collins
Robert Collins

Key Investment Insights

1. Prime location in Noosaville, close to the Noosa River and award-winning restaurants.
2. Strong occupancy rate consistent throughout the year.
3. Solid future bookings and increasing revenue.
4. Significant capital improvements have been made to the resort.
5. Long agreements in place and office/reception on title.
6. Exclusive-use storage facilities.
7. Attractive price with a solid ROI over 15%.
8. Spacious three bedroom, three bathroom manager's unit with private courtyard and lawn area.
9. Potential for growth and increased profits.
10. Experienced management team in place for a smooth transition.
11. 25-year agreement in place.
12. Total of 23 units in the complex, with 17 in the letting pool.
13. Only one owner-occupied unit and four outside agent units.
14. Potential for owner-occupiers or investors looking for a holiday resort opportunity.
15. Specialists in management rights, motels, hotels, pubs, and parks.

Management Rights Multiplier: 3.87
ROI Estimate: 25.87%

Listing location

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