Easy to Run Complex in Fantastic Location

$1,795,000

Resort / Holiday management rights, Noosa Heads QLD

Very well positioned complex to take advantage of the best views out to the ocean, river & coastal areas from the Noosa Hill area. All apartments have been refurbished over time. Penthouses have their own private spa & BBQ on the large, covered deck area. Huge repeat guest numbers here. Will suit those looking to buy a business that is easily run, with a managers unit with stunning views.

More Information

Financial Overview

Total Purchase Price: $1,795,000
Net Income: $ 164,006 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,095,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.3
_{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.}

Letting Business

Letting Pool: 11
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 12
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 35,288
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 17 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 32 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Heated pool, spa, BBQ area, Under building parking, All units have A/C

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,095,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 0

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: The managerâs unit is spacious and airy, featuring two comfortable bedrooms and 2 well-designed bathrooms. The apartment is fully air-conditioned and has been stylishly renovated throughout, boasting stunning views.