Business Only Sale 23% ROI in Beautiful Noosa

$1,395,000

Resort / Holiday management rights, Noosa Heads QLD

This beautiful Noosa business offers 23% ROI, and a multiplier of only 4.34 times. With no managers apartment to purchase, and no residential requirement, this is a rare business only opportunity, maximising returns whilst offering a superb lifestyle. There is potential to grow the business through astute marketing strategies.

With room still to improve occupancy and value, this is your chance to secure a rare business-only management rights in one of Queenslands most exclusive destinations. With no set office hours, this gives the lucky operator complete flexibility and lifestyle options. In a superb central Noosa location, this breathtaking holiday resort business is less than 1km from Noosas world-famous Hastings Street.

Yes, just a few minutes from Hastings Street and a short walk to Noosa Junction, this fantastic property is situated right at the heart of everything Noosa has to offer. The views have the wow factor. Guests also enjoy a heated pool and spa, rainforest gardens, an entertainment area and BBQ - and a boardwalk to a private Noosa River beach.

Each spacious, light-filled apartment features a large sunny balcony and free Wi-Fi access. The apartments are air- conditioned and feature modern AV equipment, a full kitchen and laundry facilities. From the balcony, guests can enjoy views over the grounds, the city or Laguna Bay.

Call Alex today to discuss and arrange an inspection.

More Information

Financial Overview

Total Purchase Price: $1,395,000
Net Income: $ 320,738 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 0
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.3
_{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.}

Letting Business

Letting Pool: 20
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 12
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 36
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 121,934
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Heated pool, heated outdoor spa, rainforest gardens, entertainment area and barbecue, boardwalk to private river beach, beautiful views.