LUXURY LIVING AT A 3 TIMES MULTIPLIER | Resort Brokers ID : MR007892
$3,800,000
Resort / Holiday Management Rights, Noosa Heads QLD
ResortBrokers is excited to present to market the management rights to the highly sought-after Picture Point Terraces, with panoramic views over Noosa heads and Laguna Bay.
Cascading down the hill surrounded by tropical landscaping, descending to the lower level via the glass inclinator leads to the Pool deck with a heated pool, fitness centre, sauna and bathroom facilities.
This exquisite and intimate resort has consistently captured the hearts of discerning guests, many of whom are of high status and holds a remarkable repeat guest rate of over 72%. A significant portion of bookings are made directly through their official website. Comprising a total of 13 ultra-luxurious apartments, with nine stunning apartments in the letting pool.
The resort is a mere 3-5-minute stroll, via a pathway, through the rainforest, to Hastings Street and Main Beach.
The exquisitely designed luxury 2-bedroom managers residence mirrors the sophisticated, contemporary allure and layout featured throughout each apartment at Picture Point Terraces, with a valuation report showing $2.4m.
This residence represents a harmonious blend of luxury and functionality, mirroring the refined ethos of Picture Point Terraces apartments
- 10-year agreements to be topped up on settlement
- Solid $78,304 body corporate remuneration
- Exclusive clientele with huge repeat and return visitation
- Picture Point Terraces has garnered impressive reviews, receiving a rating of 4.5/5 on TripAdvisor and 9.1/10 on Booking.com
- Offered at an incredible 3 times multiplier– unheard of at this level
- Trophy asset located in one of Australia’s most in-demand markets
- Property inspections are by appointment only
Date updated: 21 Apr 2024 23:00:04
More Information
- Total Purchase Price: $3,800,000
- Net Income: $ 470,248
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 2,400,000
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?