Key Investment Insights
1. Prime riverfront location on Gympie Terrace, Noosa, within a tightly held and consistently performing accommodation precinct.
2. Asking price $3,200,000, delivering net profit $407,000, including a Body Corporate salary of $102,000 excluding GST.
3. Body Corporate salary subject to annual CPI review, providing indexed remuneration security.
4. Large, stable letting pool comprising 23 of 25 townhouses, signalling strong owner confidence and recurring revenue.
5. Additional income diversification from five external luxury villas in an adjacent building.
6. Manager’s real estate: two-storey, three-bedroom, two-bathroom townhouse with river views valued at $1,450,000, offering private on-site residence.
7. Manager’s office held on separate title, riverfront position, high visibility and convenience for operations.
8. Comprehensive guest facilities including heated pool with children’s wader, hot spa, sauna, tennis court, barbecue areas, tropical gardens, and healthy sinking fund.
9. Long-term management agreement, 25-year module with 21 years remaining, offering contractual continuity.
10. Clear upside potential through improved occupancy, refurbishment programmes and dynamic pricing strategies.
11. Rarely available offering in a highly sought-after Queensland coastal location, appealing to experienced operators and lifestyle investors.
Management Rights Multiplier: 4.30
ROI Estimate: 23.26%