Key Investment Insights
AI generated. Confirm details with the seller.
1. Reduced price listing for a profitable Sunrise Beach management rights business in the Noosa region, positioned directly opposite white sand beach with many apartments offering ocean vistas.
2. Asking structure is $450,000 for management rights plus $700,000 for a unit, total purchase price $1.150 million.
3. Reported net profit $177,129, with remuneration/body corporate salary of $68,338.
4. Managers apartment valued at $750,000, configured as three bedrooms, one bathroom, one car space, providing substantial owner accommodation value.
5. Complex is a resort/holiday type with 29 total units, 15 units in the letting pool, 10 owner-occupied units, one outside agent unit and three lockup units, indicating a balanced mix of revenue and owner occupancy.
6. Management agreement originally 25 years with 17 years remaining, offering long-term contract security for incoming operators.
7. Strong location appeal due to proximity to Hastings Street boutiques and restaurants, Noosa National Park and consistent high holiday demand supporting occupancy and returns.
8. Beach safety and guest assurance enhanced by patrolled surf during peak periods and weekends from September to April, improving attractiveness to families and holidaymakers.
9. Property features spacious, fully self-contained two-bedroom, two-storey units that are bright and airy, aligning with expectations for high-quality holiday accommodation.
10. Immediate guest convenience and lifestyle amenity with a nearby café and easy coastal access, enhancing guest experience and ancillary spend potential.
11. Clear wayfinding and access when travelling north from Peregian Beach, with a tennis court serving as a recognisable landmark for visitors.
12. Marketing emphasises lifestyle benefits and sustainable income stream, signalling a buyer appeal combining investment returns with owner lifestyle in a top-tier coastal location.
Management Rights Multiplier: 2.26
ROI Estimate: 15.40%
