Noosaville

$2,355,000

Resort / Holiday management rights, Noosaville QLD

Resort Management Sales proudly present the unique management rights business opportunity for a prestigious 4-star holiday destination located on the aptly-named Golden Mile, in the heart of Australias Sunshine Coast.
Situated among lush tropical gardens, this picturesque complex offers spacious two-bedroom units with serene views of the beautiful Noosa River, gardens and parklands and several resort-style facilities.
All apartments offer guests a perfect tranquil haven for the family holiday, honeymoon, romantic getaway, or just a few quiet days to soak up the sunshine. Investors will also enjoy attractive yields and strong occupancy rates in this sought-after location.
Rated highly by Booking.com, this well-presented property is located in a prime position to take advantage of water and parkland views plus being close to shopping facilities and eateries.
This rare business opportunity is one to take advantage of whether youre a newcomer to the management rights industry or an experienced operator looking for an established and easy to manage management rights business.
The manager is permitted to live off site. Earn an additional $40k approx by adding the managers unit to the letting pool.

A simple and straight forward business model with excellent systems in place
Established rental pool with high guest return rate
A stable body corporate salary
Excellent capital gain potential
Historical maintenance record

More Information

Financial Overview

Total Purchase Price: $2,355,000
Net Income: $ 313,632 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 775,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.0
_{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: 30
_{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: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

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

Caretaking

Remuneration: $ 82,002
_{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: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Landscaped tropical gardens, Large lagoon-style heated swimming pool, Two heated spas, Paved sunbaking terraces, A protected barbecue area, Wifi, Secure undercover parking

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 775,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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 managers unit is spacious and airy, featuring two comfortable bedrooms with a large walk-in robe and well-designed bathroom. The apartment boasts panoramic river views, a large balcony and private outdoor courtyard. It is also fully air-conditioned.The large, air-conditioned reception/office offers a professional welcome and business hub for the property. Additional exclusive-use areas include several storage facilities for operational systems, equipment and linen.