Upscale Noosa Management Rights | Resort Brokers ID : MR008065
$4,000,000
Resort / Holiday Management Rights, Noosa Heads QLD
ResortBrokers proudly presents to market the Management Rights of one of Noosa Heads' premier complexes, located on an elevated site with extensive ocean and rainforest views from most apartments. The complex is minutes from Hasting Street Noosa, the Noosa Junction cosmopolitan cafes eateries, and world-class boutiques. This business encapsulates the effortless glamour and sophistication of Noosas coastal lifestyle.
This opportunity boasts an irreplaceable asset and location; a consistent letting pool and a manageable size; all in a market renowned for being robust regardless of what market we are in. The sensational manager's residence features three bedrooms and two bathrooms with a small private outdoor area, a large balcony with some ocean views, and a modern air-conditioned office on the title. The apartment is a magnificent example of fresh modern contemporary design that will appeal to even the most discerning purchasers.
Sale Price $4m (firm)
- The complex offers 19 self-contained three-bedroom apartments all individually furnished to exceptionally high standards.
- 23-year agreements.
- Circa $500,000 Net income.
- Luxury bedroom manager's residence valued at $1,675m.
- No owner-occupiers.
- A 4.6 multiplier only on the business.
- Stable letting pool overmany years.
- Property inspections are by appointment only.
Date updated: 21 Apr 2024 23:00:06
More Information
- Total Purchase Price: $4,000,000
- Net Income: $ 498,749
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,675,000
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?