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Stunning Noosa Hillside Property
$1,595,000
Resort / Holiday management rights, Noosa Heads QLD
Remarkable opportunity in Noosa.
Motivated manager is ready to move on. This is a win-win for the astute buyer - on the real estate which is well below market value at $995,00 and the business price, which is just over a 3 multiplier.
With a 32% ROI on the business component this is rare for such a quality location.
This once in a lifetime pricing will not be found again in this prime Noosa location
Seize this rare management rights opportunity with sweeping ocean, river, and coastal views from the iconic Noosa Hill.
Enjoy the Noosa life while netting almost $200,000 pa.
The lucky buyer will enjoy the beautifully appointed two bedroom two bathroom managers residence, a few minutes walk to Hastings St and Main beach. Manager also has exclusive use of the office.
Stylishly refurbished apartments make this a stand-out complex. For the ultimate in exclusivity, the penthouses boast private spas and huge decks with barbecue areas - to wow the guests as they take in the sea breezes and stunning views.
With a proven history of repeat guests and strong returns, the business offers a lucrative yet easily managed investment.
Easy to manage, profitable, and offering the fantastic managers unit , this is your chance to secure both lifestyle and income in one of Australias most sought-after destinations.
Call Alex today to inspect.
More Information
- Total Purchase Price: $1,595,000
- Net Income: $ 192,562
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 995,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.1
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?