Increased Nett! Popular family-friendly Resort - Noosa River living
$1,875,000
Resort / Holiday Management Rights, NOOSAVILLE QLD
Best Value MR on the beautiful Sunshine Coast with spacious 3 Bedroom villa NOOSAVILLE - Nett $284,427!
This popular family-friendly resort that is perfectly positioned in Noosaville and a short walk to the beautiful Noosa River and award winning restaurants.
This award-winning holiday resort has a strong occupancy rate consistent throughout the year, solid future bookings and ever-increasing revenue with more opportunity for growth.
The resort has undergone significant capital improvements over the past few years, including the pool area and gardens. There are Long Agreements in place, the Office / Reception is on Title and there are several exclusive-use storage facilities.
Attractively priced with a solid ROI.
The Managers unit is the biggest three bedroom / three bathroom in the complex, complete with private courtyard and lush lawn area/garden.
If you are looking for potential to grow and increase profit, and work in a beautiful location, Co Co Bay Resort Noosaville is one to inspect.
Over the past 5 years, the current owners have implemented efficient systems, so there will be a smooth transition and training.
More Information
- Total Purchase Price: $1,875,000
- Net Income: $ 284,427
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 765,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.9
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?