Live the Dream in Noosaville: Luxury Resort with Strong Returns for Sale

$1,925,000

Resort / Holiday management rights, Noosaville QLD

In the heart of Noosaville this hidden gem offers the perfect blend of tranquility and sophistication.

This luxury resort boasts 19 two-bedroom, two-bathroom apartments that are enclosed in private grounds on a beautiful tree-lined street. It's a haven free from the traffic of the riverfront, yet only a stone's throw away from all that Noosaville has to offer. Just 100 meters from the water, this holiday complex provides a quiet, peaceful oasis in the middle of the vibrant village atmosphere of Noosaville with its bistros and boutiques.

Currently trading strongly but still with plenty of room for uplift for the savvy operator, this asset has been tightly held by the same entity for 7 years and presents as a strong consistent performer. With experienced staff to assist with transition, this luxury resort is an easy-to-manage facility that promises high returns and endless potential for growth.

So if you're ready to take your investment portfolio to the next level and experience the true luxury of Noosaville, then contact us today and make this hidden gem your own.

Key Highlights
- Central location
- One of the best swimming pools in queensland
- Experienced staff to assist with transition
- Consistent performer
- Easy-to-manage facilities

More Information

Financial Overview

Total Purchase Price: $1,925,000
Net Income: $ 256,753 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 900,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.0
_{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: 17
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 1
_{Number of units resided in by their owners.}

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 20
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 61,560
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 22 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Large heated pool, BBQ area, cable TV

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 900,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: The managers unit is spacious and airy, featuring two comfortable bedrooms with well-designed bathrooms. The apartment boasts a large balcony and is also fully air-conditioned.The large, air-conditioned reception/office offers a professional welcome and business hub for the property and is exclusive use. Additional exclusive-use areas include several storage facilities for operational systems, equipment and linen.