Major Noosa Resort – Priced to sell at valuation | Resort Brokers ID : MR006317
Rare Large Integrated Resort Complex in Noosaville on Queensland's Sunshine Coast.
93 units in letting pool
24 years remaining on agreements
Café (leased) and conference room
Large range of resort facilities
Currently run under management
Suit experienced operator
3-bedroom managers residence, café reception building and conference room on title
To be sold at a 5.75 times multiplier
Net income has been calculated using last three years net (minus COVID shutdown period)
Property inspections are by appointment only
Date updated: 22 Jan 2021 23:00:05
Property Summary
Business Snapshot
Price: $6,500,000Net Profit: $904,000Remuneration / Body Corp Salary: $238,044
Managers Unit
Value of Managers Apartment: $1,300,000Bedrooms: 3Office: On Title
Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 133Total Units in Letting Pool: 93Holiday Units: 93Owner Occupy Units: 9Outside Agent Units: 19Lockup Units: 10Agreement Term Remaining: 24 years