Key Investment Insights
1. Established management rights business in Noosaville offered as a turnkey sale, price $255K for management rights plus $900K for the managers unit, total $1.125M.
2. Net profit reported $100,533, with remuneration/body corporate salary of $57,294, indicating positive owner earnings.
3. On-site managers' residence is a fully renovated three bedroom, two bathroom apartment valued at $900,000, adjacent to reception for immediate operational oversight.
4. Resort draws year round holidaymakers and repeat guests, supporting steady occupancy and repeat revenue.
5. Guest amenities include beautifully maintained grounds, a heated swimming pool and a spa, features that drive bookings and five star reviews.
6. Complex size and mix: 21 total units, 10 in the letting pool, 8 owner occupied, 1 outside agent, and 2 lockup units, indicating a diversified income base.
7. Agreement security: original term 25 years with 17 years remaining, with potential to top up to 25 years, providing medium to long term income stability.
8. Prime lifestyle location with direct access to the Noosa River for paddleboarding, boating and fishing, plus nearby shopping, dining and outdoor activities that enhance guest appeal.
9. Managers unit includes a dedicated car space, supporting live in management convenience.
10. Listing marketed by specialists in motels, hotels, pubs, parks and management rights, suggesting sector expertise for prospective buyers.
Management Rights Multiplier: 2.24
ROI Estimate: 44.68%