Key Investment Insights
1. Prime Noosa location, moments from the Noosa River and Gympie Terrace, offering strong lifestyle and tourist appeal.
2. Listed price $2,455,000 with proven net income $300,000 p.a., indicating a robust return profile.
3. Attractive body corporate salary of $89,000, reviewed annually by CPI, providing predictable remuneration.
4. Long-term accommodation agreement of 25 years, with 23 years remaining, delivering contract stability.
5. Strong letting pool participation, 26 of 41 units in the letting pool, supporting steady revenue from holiday bookings.
6. Resort-style guest facilities including three swimming pools, BBQ areas, and lush tropical gardens, enhancing marketability to guests.
7. Managers residence is a renovated, spacious two bedroom, two bathroom apartment valued at $995,000, with a large office on title and courtyard/outdoor area.
8. Managers apartment includes one car space and is pet friendly, improving lifestyle and tenant flexibility.
9. Complex is a holiday property with 41 total units, six owner‑occupied units and eight outside agent units, suggesting a mix of owner and professional management dynamics.
10. Established business with straightforward day-to-day operations and proven, consistent returns, representing a turnkey management rights opportunity.
Management Rights Multiplier: 4.87
ROI Estimate: 12.22%
