Perfect Position with Short Stay Zoning

$1,950,000

Resort / Holiday management rights, Noosa Heads QLD

Smack in the middle of all of Noosas many varied faces you will find this upscale and intimate complex comprising 22 boutique style studio suites. All units are air-conditioned and self-contained with open plan bedroom, living area and fully equipped kitchens including washing machines & dryers. Facilities include a heated spa and swimming pool and large leafy barbecue area with two 8-seater outdoor settings. Just 1.8kms to Hastings Street & stunning Noosa Main Beach and a short stroll to the Noosa River & Gympie Terrace, makes it an ideal base to explore all Noosa has to offer.

A hugely attractive feature of this business is the fact that it is council zoned for short stays only, ruling out the loss of any of your letting pool to owner occupiers.

Currently trading strongly but still with plenty of room for uplift for the savvy operator.

The spacious 2 bedroom managers unit is air conditioned with a large north facing deck. This light and bright unit measures a generous overall size of 194 sqm. Front and back offices both on title with several exclusive use storage facilities for operational systems, equipment and linen. Sitting right on Noosa Sound with an exceptional guest return rate, this rare business opportunity is one to take advantage of whether youre a newcomer to the management rights industry or an experienced operator looking for an established and easy to manage Management Rights business.

Close to cafes, restaurants and shops
Stable letting pool with many loyal returners
Council zoned for short stay so no owner/occupiers
Simple and straight forward business model with excellent systems in place
Historical maintenance records in place
Rated highly by Booking.com
Excellent capital gain potential

More Information

Financial Overview

Total Purchase Price: $1,950,000
Net Income: $ 300,819 ()
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 750,000
_{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: 19
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 23
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 53,281
_{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: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 1986 years
_{How long has the management rights existed.}

Office Hours: None set
_{Required Office Hours}

Complex Features: Pool, spa, bbq, undercover parking

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 750,000
_{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: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: The spacious 2 bedroom managers unit is air conditioned with a large north facing deck. This light and bright unit measures a generous overall size of 194 sqm.