Noosaville, Queensland

NOOSAVILLE - DUAL KEY, PROFITABLE AND LIVE OFFSITE! | Resort Brokers ID : MR008125

$2,520,000

Business Description

Presenting an exceptional business prospect, this property boasts a substantial net profit exceeding $315,000, backed by extensive agreements spanning 23 years with a co-operative body corporate. With its spacious three-bedroom manager's residence, this property provides the flexibility for off-site living and the potential for significant annual additional income not reflected in the P&L, thanks to its unique location and apartment type.

Furthermore, all apartments offer a dual-key facility, maximising revenue with 28 keys available for letting. Situated near Gympie Terraces and Noosa River, the property appeals to astute would-be MLR operators, boasting resort-style amenities such as a heated pool, spa, and easy-care tropical gardens.

With groundwork largely completed, this opportunity is ideal for new managers or couples seeking a lucrative business venture, supported by a generous body corporate salary of $68,456.

- Spacious three-bedroom manager's residence with the option for off-site living.
- With scarce ground-floor three-bedroom units available for letting in Noosaville, there's potential to earn over substantial additional income by including the manager's unit in the letting pool.
- The dual key facility in all apartments offers 28 keys for letting.
- Units designed to discourage owner-occupiers, ensuring consistent availability for letting.
- Prime location near Gympie Terraces, Noosa River, shops, and award-winning dining establishments.
- A heated pool, lush tropical gardens and solar installed for common area power all enhanced by a substantial body corporate salary of $68,456.
- High net profit of $315,000.
- Secure business with 23-year agreements and a supportive body corporate.
- Turnkey business opportunity, ideal for new managers or couples seeking a relaxed business venture.
- Inspection by appointment only.
Date updated: 11 Apr 2024 23:00:03

Business Summary

Business Snapshot

Price: $2,520,000 Net Profit: $315,783 Remuneration / Body Corp Salary: $68,456

Managers Unit

Value of Managers Apartment: $1,100,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 17Total Units in Letting Pool: 14Outside Agent Units: 1Lockup Units: 2Agreement Term Remaining: 23 years
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