Key Investment Insights
1. Prime riverside location in Noosaville, positioned metres from the Noosa River and Gympie Terrace dining and recreation strip, enhancing holiday appeal.
2. Established holiday complex with 22 total units, 18 units in the letting pool, indicating approximately 82% of stock revenue-generating under management.
3. Long-term management agreement of 25 years with 22 years remaining, providing contractual income stability and transferable rights.
4. Asking price $3,300,000 against reported net profit $420,566, implying a net profit yield of roughly 12.7%.
5. Managers apartment valued at $1,325,000, representing significant on-site asset value and potential capital security for the business.
6. Managers unit is a substantial 3 bedroom, 2 bathroom apartment with 2 car spaces, office on title, and pets permitted, supporting residential convenience and operational functionality.
7. Remuneration/body corporate salary of $67,248 is additional to net profit, providing a predictable wage component for incoming managers.
8. Small number of outside agent and owner-occupied units (one each) and a single lockup unit suggest high operator control of letting pool and minimal external competition within the complex.
9. Business marketed as professionally presented with operational simplicity, indicating potential for straightforward transition and turnkey management.
10. Holiday complex location and presentation position it strongly for tourism demand and premium nightly rates due to proximity to waterfront and dining precinct.
Management Rights Multiplier: 4.70
ROI Estimate: 12.74%
