Optimise Your Outcome: Noosa

$2,235,000

Resort / Holiday management rights, Sunshine Beach QLD

EXCLUSIVE TO CRE BROKERS. Nestled in the lush heart of Sunshine Beach and bathing in the benefits of the beachside village atmosphere. Only minutes to the world-renowned Hastings Street at Noosa Heads with its restaurant culture and fashion boutiques.
This Resort Management Rights business ticks all the boxes for the seasoned or first time operator:
. Excellent body corporate salary and room for growth in letting pool
. Supportive Body Corporate Committee
. Luxurious recently renovated 3 bedroom, 2 bathroom manager's residence with ocean views
. Ground floor office reception on title.
The vast Pacific Ocean at your doorstep soothes the climate, cooling the summers and warming the winters. Regardless of season, the climate remains ideal, promoting the unique laid-back village atmosphere and inviting Sunshine Beach culture.
TOTAL NUMBER OF UNITS : 14
UNITS IN LETTING POOL : 10
NET PROFIT : $197,081
MANAGER'S RESIDENCE3 bedroom, 2 bath (recently renovated)
REAL ESTATE PRICE :$1,690,000
BUSINESS PRICE: $545,000

More Information

Financial Overview

Total Purchase Price: $2,235,000
Net Income: $ 197,081 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,690,000
_{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.}

Letting Business

Letting Pool: 10
_{Number of units the manager is authorised to manage.}

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

Lock Ups: 2
_{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: 14
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 54,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 20 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: 1989 years
_{How long has the management rights existed.}

Office Hours: 8:30 - 5:00
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,690,000
_{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: No
_{Can the manager own a pet on site?}

Unit Features: Modern luxurious three bedroom, 2 bathroom, 1 carpark with a magnificent easterly facing balcony and ocean views.Master Bedroom with en-suite. Recently renovated.