Key Investment Insights
1. Proven net income circa $300–305k per annum, demonstrating strong, consistent returns.
2. Asking price $2,370,000 with business value $1,450,000, indicating separation of business goodwill and property components.
3. Attractive body corporate salary of $89,000, reviewed annually by CPI, providing indexed remuneration.
4. Long-term 25 year accommodation agreement in place, with approximately 23 years remaining, offering contract stability.
5. Prime Noosa location, moments from the Noosa River and Gympie Terrace, supporting high tourist demand and lifestyle appeal.
6. Manager’s residence is a renovated two-bedroom, two-bathroom apartment valued at $995,000, includes large office on title, courtyard, and one car space.
7. Manager’s unit is pet friendly, which can aid long-term retention and lifestyle selling points.
8. Well-established holiday complex with 41 units, 26 in the letting pool, indicating high participation and a healthy revenue base.
9. Resort-style facilities include three swimming pools, BBQ areas and lush tropical gardens, enhancing guest appeal and letting performance.
10. Low operational complexity implied by straightforward day-to-day operations and established letting pool management.
11. Rare market opportunity in Noosa, with long-term agreements and strong occupancy dynamics, making the asset scarce and inspection recommended.
Management Rights Multiplier: 4.58
ROI Estimate: 12.66%
