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Unique Management Rights Opportunity in Hastings Street, Noosa
$1.8M MR&$1.9M Unit = $3.7M
Resort / Holiday Management Rights, NOOSA HEADS QLD
Prime Location on Hastings Street, Noosa:
Discover an exceptional rare investment opportunity in the Iconic Hastings street Noosa with this management rights. This thriving business not only provides a solid income stream but also offers ownership in one of Queenslands most desirable destinations.
Located right on Hastings Street, this property grants unparalleled access to Noosas world-famous beaches, boutique shopping, and vibrant dining scene. Hastings Street is renowned for its relaxed yet luxurious atmosphere, attracting holidaymakers and local visitors alike. As the bustling hub of Noosa, owning management rights here means you're at the center of activity, with high visibility and strong demand from guests and returning guests seeking premium accommodation. Its position enables a lifestyle of ease, with cafes, restaurants, beaches, and attractions all within walking distance. This prime location maximizes high occupancy and offers an enviable coastal lifestyleperfect for owners who wish to enjoy both a profitable, growing business and the iconic Noosa experience.
Managers Unit:
A spacious, apartment that was refurbished in 21/22, overlooking the renowned Hastings Street. Just under 100 metres from the iconic Noosa Beach, it provides stunning views and easy access to the best of Noosas attractions.
Growing Business & Strong Profitability:
This well-established management rights business benefits from consistent high occupancy and excellent profit margins. Its reputation for outstanding guest service and efficient management makes it a smart, sustainable investment. The business has 11 in the letting pool and 3 outside units which they manage which brings a total to 14 units.
Low Maintenance & Lifestyle Balance:
With minimal body corporate responsibilities, owners can enjoy a low-stress role and plenty of personal leisure time. This opportunity offers the perfect blend of business success and a relaxed coastal lifestyle.
Rare Market Opportunity & Growing Tourism:
Management rights in Hastings Street Noosa are highly sought after and seldom come available. With Noosas steady tourism growth, this is a unique chance to secure a thriving business in a premium location.
Commerical businesses: There are 3 Commerical businesses at the front of the complex which do not generate any income and you do not do any work regarding these businesses.
-$305,949 core net income = $1.54M @ 5x
-$86,424 income from 3 apartments externally managed = $260K @ 3x
Total Business = $1.8M
Real Estate:
Managers Unit $1.9M
Total Listing Price $3.7M
**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
More Information
- Total Purchase Price: $1.8M MR&$1.9M Unit = $3.7M
- Net Income: $ 392,374
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,800,000
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?