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Luxury Holiday Resort with Unparalleled Views
$3,790,000
Resort / Holiday management rights, Noosa Heads QLD
This exceptional blue chip luxury holiday resort can never lose its views or be built out. It is a short stroll down the boardwalk to the elegant shops and superb eateries of Hastings Street but is in the enviable position of being just as close in the opposite direction to the ultra cool offerings of Noosa Junction.
Nestled amongst lush tropical gardens with unparalleled views of Noosas Laguna Bay and beyond, this stylish and sophisticated complex has nineteen 3 bedroom/2 bathroom upmarket and spacious apartments all of which can be modified to one or two bedrooms.
The beautiful outdoor pool and spa are alongside the BBQ entertainment area and for the fitness conscious there is also a gym.
Currently trading strongly, achieving a 78% occupancy rate but still with plenty of room for uplift for the savvy operator.
With 22 years left to run on the 25 year agreements the buyer can enjoy peace of mind in the security of their investment.
More Information
- Total Purchase Price: $3,790,000
- Net Income: $ 432,346
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,600,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.1
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?