BOUTIQUE RESORT IN ENVIABLE NOOSA OFFERING HIGH NET OVER $330,000&16% ROI | Resort Brokers ID : MR008188
$2,085,000
Resort / Holiday Management Rights, Noosaville QLD
ResortBrokers presents the Management Rights of Noosa River Retreat, a 4-star resort in Noosaville, QLD. With a net profit exceeding $330,000, this investment offers a robust 16% return. The property includes a renovated manager's residence and 16 short-stay units, ensuring consistent revenue. High demand from corporate clients and a central location make this a bustling hotspot. Ideal for industry newcomers or couples seeking a balanced lifestyle in a vibrant tourism hub.
- Central location in Noosaville, perfect for short-term accommodation.
- Exceptional net profit exceeding $332,501.
- Body Corporate Salary of $56,133and low-maintenance gardens.
- Upgraded manager's residence featuring two bedrooms, two bathrooms, and a spacious outdoor area.
- Profitable letting pool comprising 16 short-stay units out of 21.
- High demand from corporate clients due to self-contained apartment style.
- Perfect opportunity for industry newcomers or couples seeking a balanced lifestyle in a vibrant tourism hub.
- Property inspections are by appointment only
Date updated: 21 Apr 2024 23:00:09
More Information
- Total Purchase Price: $2,085,000
- Net Income: $ 332,501
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 799,000
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?