Hastings Street Noosa
This is an exceptional opportunity to acquire a business in the Blue Chip location of Hastings St and live the Noosa lifestyle. Boutique complex in the excellent position facing on to world-renowned Hastings Street and abutting leafy Noosa Woods. The complex also backs on to a canal and has a private jetty that the guests can use.
Tasteful 2 bedroom Managers unit north facing over Hastings Street and a separate office also on title. Currently run by a single operator. Plenty of scope to improve the figures with an occupancy rate that is well below the Hastings St average of 80% plus.
Net Profit: $285,000 Remuneration / Body Corp Salary: $35,000Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $950,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No
Complex InformationComplex Type: HolidayTotal Units in Complex: 14Total Units in Letting Pool: 13Holiday Units: 13Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 21 years