Noosaville, Queensland

Noosa Motel

SOLD

Business Description

Opposite Lake Weyba and a short stroll to Noosa River. Plenty of referrals from other resorts as most do not take short stays. Large repeat market of corporate/business reps. New shops and restaurants in the area; plus close to ALDI supermarket.

Excellent systems in place and very easy to run.

Facilities include:
- swimming pool,
- satellite TV (45 channels plus usual free to air TV),
- FREE WiFi,
- tour booking,
- laundry service,
- direct dial phones,
- mobility impaired facility,
- off street undercover parking.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $236,284 Remuneration / Body Corp Salary: $31,266

Managers Unit

Value of Managers Apartment: $470,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Spacious two bedroom, two bathroom managers residence. Light and airy living areas opening onto the upper deck with water views. Lower level opening out to a large courtyard.

Complex Information

Complex Type: n/aTotal Units in Complex: 20Total Units in Letting Pool: 19Agreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesPay TV: Yes
Marketing Agent
Barry Davies
Barry Davies

Barry Davies
Barry Davies

Resort Management Sales

Resort Management Sales

Key Investment Insights

- The motel is located in a prime location, opposite Lake Weyba and a short stroll to Noosa River. This offers a beautiful and tranquil setting for guests to enjoy.
- The motel has a strong referral network from other resorts in the area, as most do not offer short stays. This provides a consistent source of guests.
- The motel has a large repeat market of corporate/business representatives, providing a steady stream of bookings.
- The recent addition of new shops and restaurants in the area has increased the attractiveness of the location for guests.
- The motel is close to an ALDI supermarket, providing convenience for guests and potential for additional business.
- The business has excellent systems in place, making it very easy to run.
- Facilities offered by the motel include a swimming pool, satellite TV with 45 channels, free WiFi, tour booking services, laundry service, direct dial phones, and a mobility impaired facility.
- The motel also offers off-street undercover parking for guests.
- The managers' unit is spacious and well-appointed, with two bedrooms, two bathrooms, and a large deck with water views.
- The complex has 20 units in total, with 19 units in the letting pool.
- The management agreement has a remaining term of 18 years, providing stability and potential for long-term growth.
- The complex features a pool and spa, as well as pay TV for guests to enjoy.

Management Rights Multiplier: 5.18
ROI Estimate: 19.29%

Listing location

This Business is sold

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