NOOSAVILLE - DUAL KEY, PROFITABLE AND LIVE OFFSITE! | Resort Brokers ID : MR008125
$2,520,000
Resort / Holiday Management Rights, Noosaville QLD
Presenting an exceptional business prospect, this property boasts a substantial net profit exceeding $315,000, backed by extensive agreements spanning 23 years with a co-operative body corporate. With its spacious three-bedroom manager's residence, this property provides the flexibility for off-site living and the potential for significant annual additional income not reflected in the P&L, thanks to its unique location and apartment type.
Furthermore, all apartments offer a dual-key facility, maximising revenue with 28 keys available for letting. Situated near Gympie Terraces and Noosa River, the property appeals to astute would-be MLR operators, boasting resort-style amenities such as a heated pool, spa, and easy-care tropical gardens.
With groundwork largely completed, this opportunity is ideal for new managers or couples seeking a lucrative business venture, supported by a generous body corporatesalary of $68,456.
- Spacious three-bedroom manager's residence with the option for off-site living.
- With scarce ground-floor three-bedroom units available for letting in Noosaville, there's potential to earn over substantial additional income by including the manager's unit in the letting pool.
- The dual key facility in all apartments offers 28 keys for letting.
- Units designed to discourage owner-occupiers, ensuring consistent availability for letting.
- Prime location near Gympie Terraces, Noosa River, shops, and award-winning dining establishments.
- A heated pool, lush tropical gardens and solar installed for common area power all enhanced by a substantial body corporate salary of $68,456.
- High net profit of $315,000.
- Secure business with 23-year agreements and a supportive body corporate.
- Turnkey business opportunity, ideal for new managers or couples seeking a relaxed business venture.
- Inspection by appointment only.
Date updated: 21 Apr 2024 23:00:08
More Information
- Total Purchase Price: $2,520,000
- Net Income: $ 315,783
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,100,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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?