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Flexible Living, Prime Location, Endless Potential
$1,950,000
Resort / Holiday management rights, Noosa Heads QLD
Holiday Management Rights for Sale
Unlock Unlimited Potential with Flexible Living Arrangements and Prime Location
- Impressive Net Profit: $319,721
- Option to Live On-Site or Off-Site: Subject to Body Corporate approval
- Additional Income Opportunity: Potential to earn over $30,000 from the manager's residence
- Long-Term Security: Strong Body Corporate Agreement with 25 years term, 22 years remaining
Prime Location: Strategically situated just 1.8kms from Hastings Street and Noosa Main Beach, and a stone's throw away from the Noosa River and Gympie Terrace, this upscale complex is the perfect base for exploring all that Noosa has to offer.
Flexible Living Arrangements: Owners are willing to work with you to either live on-site or explore remote keyless entry options, potentially unlocking additional income streams. The possibilities are endless!
Strong Income Potential: With 22 boutique-style studio suites, fully equipped with modern amenities and air conditioning, plus the manager's unit, there's ample opportunity for solid income returns. A conservative estimate pegs potential earnings at $32,850, with room for supplementary income.
Resort Amenities: Enjoy resort-style living with a resurfaced large pool area, updated entertainment space with BBQ facilities, and lush tropical gardens. Recent upgrades like a fiber-optic internet connection ensure guests have a seamless experience.
Future Growth Potential: With council zoning for short stays only, and plans for a new lightbox sign in 2024, this opportunity is primed for future growth. Strong forward bookings and reasonable body corporate levies make it an investment worth considering.
Looking for a standout opportunity in the management rights market? Look no further! MR Sales presents an unparalleled chance for the right operator to thrive in the heart of Noosa, one of Australia's most sought-after destinations.
Net Profit: $319,721
Asking Price: $1,950,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,950,000
- Net Income: $ 319,721
(actual)
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: 3.8
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?