Sunshine Beach, Queensland
Noosa Sunshine Beach Prime Position Boutique Resort
Management Rights $1,975,000
Business Description
EXCLUSIVE TO CRE BROKERS , Nestled in the lush heart of Sunshine Beach and bathing in the benefits of the beachside village atmosphere. Only minutes to the world-renowned Hastings Street at Noosa Heads with its restaurant culture and fashion boutiques.
This Resort Management Rights business ticks all the boxes for the seasoned or first time operator:
. Excellent body corporate salary and room for growth in letting pool;
. Supportive Body Corporate Committee;
. Luxurious recently renovated 3 bedroom, 2 bathroom manager's residence with ocean views;
. Ground floor office reception on title.
The vast Pacific Ocean at your doorstep soothes the climate, cooling the summers and warming the winters. Regardless of season, the climate remains ideal, promoting the unique laid-back village atmosphere and inviting Sunshine Beach culture.
TOTAL NUMBER OF UNITS : 14
UNITS IN LETTING POOL : 10
NET PROFIT : $197,081
MANAGER'S RESIDENCE: 3 bedroom 2 bath (recently renovated)
REAL ESTATE PRICE : $1,430,000
BUSINESS PRICE : $545,000
Business Summary
Business Snapshot
Price: Management Rights $1,975,000
Net Profit: $197,081 Remuneration / Body Corp Salary: $54,000Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 4Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: NoModern and luxurious with easterly facing balcony and ocean views. Renovated in 2019. Master bedroom with ensuite.
Complex Information
Complex Type: HolidayTotal Units in Complex: 14Total Units in Letting Pool: 11Outside Agent Units: 1Lockup Units: 2Manager Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 17 yearsPool: YesBBQ Area: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Sunshine CoastKey Investment Insights
1. Prime Sunshine Beach location, minutes from Hastings Street Noosa Heads, beachside village atmosphere and immediate ocean frontage.
2. Total management rights sale price $1,975,000, comprising real estate $1,430,000 and business $545,000.
3. Annual net profit $197,081, with body corporate salary/remuneration $54,000 and CPI annual review.
4. Strong letting pool penetration, 11 of 14 units in the letting pool, one outside agent and two lockup units, indicating room to optimise occupancy and revenue.
5. Long management agreement security, agreement term shown as 10 years with 17 years remaining, implying long remaining tenure.
6. On-title ground floor office reception, providing secure on-site commercial space and operational convenience.
7. Modern, luxurious manager’s residence with ocean views, easterly facing balcony, master ensuite, renovated in 2019, and included on-title.
8. Resort amenities include communal pool and BBQ area, supporting holiday market appeal.
9. Supportive Body Corporate Committee and excellent body corporate salary noted, aiding governance and operational stability.
10. Compact 14-unit boutique resort scale, suited to a hands-on owner-operator or an investor seeking a manageable footprint.
