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%
