Noosaville, Queensland

Best Short Stay Resort In Noosaville

SOLD

Business Description

Set in tranquil Noosaville, this well-positioned complex is close to the river and offers unique self-contained one bedroom apartments specialising in overnight and long term holiday stays.

Situated just 3.5km from Hasting St Noosa Heads, you can easily get to the hub of Noosa... jump on the ferry, hire a bike, take a stroll or jump in the car and enjoy the eclectic array of boutique shops and world-class restaurants.

The top floor managers apartment enjoys an abundance of natural light and is complemented by its open plan lounge and dining area. The lounge area, in turn, opens out through glass sliding doors to a spacious deck.

Immaculate grounds needing minimal up-keep plus a brand new refurbishment of the managers unit and an excellent body corp committee who are proactive and supportive all adds up to an excellent management rights opportunity.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $154,037 Remuneration / Body Corp Salary: $47,305Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $630,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 21Total Units in Letting Pool: 13Owner Occupy Units: 6Outside Agent Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Barry Davies

0438 55....

Matt Campbell

0410 34....

Resort Management Sales

Key Investment Insights

1. Prime location in tranquil Noosaville, close to the river and just 3.5km from Hasting St Noosa Heads.
2. Specializes in overnight and long-term holiday stays.
3. Unique self-contained one bedroom apartments.
4. Top floor manager's apartment with open plan lounge and dining area, and a spacious deck.
5. Immaculate grounds requiring minimal upkeep.
6. Recently refurbished manager's unit.
7. Excellent body corporate committee that is proactive and supportive.
8. Strong net profit of $154,037.
9. Remuneration/Body Corp Salary of $47,305.
10. Annual CPI salary review.
11. Manager's apartment valued at $630,000.
12. 2 bedrooms, 1 bathroom, and 1 car space in manager's unit.
13. Office on title.
14. Pets allowed.
15. Complex type: Holiday.
16. 21 total units in complex.
17. 13 units in the letting pool.
18. 6 owner-occupied units.
19. 1 outside agent unit.
20. 25-year agreement term with 23 years remaining.
21. On-site amenities include a pool, spa, and BBQ area.

Management Rights Multiplier: 4.03
ROI Estimate: 24.84%