Noosaville, Queensland

Stroll to Noosa River

SOLD

Business Description

This is 4 Star holiday resort consisting of two bedroom, two storey, fully self contained townhouses. You are never more than a few paces away from one of the three pools and two spas.

The resort is less than half a minute’s walk to the beautiful Noosa River, which offers some of the best swimming, fishing and boating facilities available. Cosmopolitan Gympie Terrace, “Eat Street” is at your doorstep, offering some of the finest dining on the Sunshine Coast.

All the hard work in common property upgrades has been done. Position and number of units presents good capital gain potential.

Property facilities include:

- 3 Swimming Pools (2 heated)
- 2 Hot Spas
- Tennis Court
- WI-Fi
- BBQ Facilities

Business Summary

Business Snapshot

Price: SOLD Net Profit: $232,859 Remuneration / Body Corp Salary: $73,224

Managers Unit

Value of Managers Apartment: $575,000Bedrooms: 3Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 40Total Units in Letting Pool: 28Owner Occupy Units: 8Outside Agent Units: 2Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesSauna: YesTennis Court: YesPay TV: Yes

Marketing Agent

Barry Davies

0438 55....

Barry Davies

0438 55....

Resort Management Sales

Key Investment Insights

1. Prime location near Noosa River and popular dining area
2. 4-star holiday resort with fully self-contained townhouses
3. Potential for capital gain due to position and number of units
4. Well-maintained common property with recent upgrades
5. Multiple amenities including 3 pools, 2 spas, and a tennis court
6. Strong financials with a net profit of $232,859 and remuneration/salary of $73,224
7. Manager's unit valued at $575,000 and includes 3 bedrooms and an office
8. Pet-friendly complex
9. Holiday complex with a 25-year agreement term and 17 years remaining
10. Large number of units in the letting pool (28 out of 40 total units)

Management Rights Multiplier: 5.26
ROI Estimate: 19.01%