Make Your Dream A Reality

$4,100,000

Resort / Holiday management rights, Noosa Heads QLD

Premier Hastings Street Management Rights, including boutique Noosa Holiday Rent Roll.
CBMR is proud to offer this stunning portfolio, including a rare Hastings St Management Rights - plus associated real estate, located at Noosa's world-famous Main Beach and Noosa River.

This is the opportunity to buy into an exclusive, tightly held, once in a lifetime market.

This premium business delivers, in terms of year round profitability and streamlined operation, with eleven apartments in the MLR letting pool and nine apartments with external letting appointments.

The Hastings Street residence is an expansive, two-bedroom, two-bathroom apartment, with separate office, seconds across from Noosa's Main Beach, and offers exceptional real estate value in one the most coveted addresses in Queensland.

More Information

Financial Overview

Total Purchase Price: $4,100,000
Net Income: $ 525,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,900,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.2
_{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: 1
_{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: 18
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 65,000
_{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: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 25 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Guests enjoy unlimited free Wi-Fi and each apartment has a secure covered car parking space. The property offers self-contained accommodation with a private balcony, river frontage and and the bonus of a private pontoon.

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,900,000
_{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 2 bedroom, 2 bathroom residence on the second level. Renovated kitchen and bathrooms, airy and spacious with high ceilings, and balcony.