563

Management Rights
For Sale

Motels / Hotels
For Sale

Caravan Parks
For Sale

817

Investment Property
For Sale

Superb Riverfront Location Noosa

$3,185,000

Resort / Holiday management rights, Noosaville QLD

Would you like to earn $400,000 a year and live in one of Queensland's most sought-after addresses a three-bedroom, two-bathroom, three-storey residence not to be rivalled? Well, read on.

Right here is your opportunity to achieve that home and tropical business dream.

This stunning business is located in the perfect spot right on the Noosa riverfront at Noosas famous Gympie Terrace.

This premium management rights delivers in terms of profitability, plus standard of living for the manager, and ease of operation.

A charming riverfront complex where guests' facilities also include barbecue areas and two amazing pools, plus undercover parking.

The Manager's residence is an expansive three -bedroom, two-bathroom townhouse, just seconds across from the beautiful Noosa River. It's separate from the other properties, giving privacy and offering exceptional real estate value in one of the best addresses in Queensland.

A huge manager's office is also on title.

Long-term agreements, 90% of the units in the pool, a good body corporate salary, and room for growth make this business a must-see.

More Information

Financial Overview

Total Purchase Price: $3,185,000
Net Income: $ 395,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,325,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.7
_{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: 18
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 1
_{Number of units resided in by their owners.}

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 22
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 67,248
_{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: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 30 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Two swimming pools, one of which is heated, a jacuzzi, barbecue, and entertaining areas, poolside in the tropical gardens. Secure gated property, with secure undercover parking.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,325,000
_{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: Very spacious and beautifully appointed, three-bedroom, 2-bathroom townhouse. Situated apart from the other accommodation, providing the manager a separate, private lifestyle. The very large office is also on title.