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
- 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.
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?