Key Investment Insights
AI generated. Confirm details with the seller.
1. Advertised net profit is approximately $300,000 annually, supported by an $89,000 body corporate salary.
2. The business has a strong letting pool, with 26 of 41 complex units participating.
3. Long term agreements have 23 years remaining, providing substantial tenure security.
4. The manager’s renovated two bedroom, two bathroom residence includes a large office on title and outdoor courtyard area.
5. Resort facilities include three swimming pools, BBQ areas and lush tropical gardens.
6. The property is positioned near the Noosa River, Gympie Terrace and Noosa’s lifestyle attractions.
7. Operations are described as straightforward, with an established management rights business and high letting pool participation.
8. The complex includes 41 total units, six owner occupied units, eight outside agent units and one manager’s unit.
9. The manager’s residence includes one car space, and pets are permitted.
10. The business and manager’s apartment are separately identified at $1,450,000 and $995,000 respectively.
Management Rights Multiplier: 4.51
ROI Estimate: 12.87%
