HIGH DEMAND SHORT STAY BUSINESS- POPULAR WITH BOTH CORPORATE CLIENTS AND COUPLES | Resort Brokers ID : MR008188

$1,995,000

Resort / Holiday Management Rights, Noosaville QLD

ResortBrokers presents the Management Rights of Noosa River Retreat, a 4-star motel-style resort in Noosaville, QLD. With a net profit exceeding $330,000, this investment offers a high return. The property includes a great manager's residence and 17 short-stay units, ensuring consistent revenue. High demand from corporate clients and a central location make this a bustling hotspot. Ideal for industry newcomers or couples seeking a balanced lifestyle in a vibrant tourism hub.

- Central location in Noosaville, perfect for one-night stays, making for a higher return
- Exceptional net profit exceeding $332,501.
- Body Corporate Salary of $56,133 and low-maintenance gardens.
- Upgraded manager's residence featuring two bedrooms, two bathrooms, and a spacious outdoor area.
- Profitable letting pool comprising 17 short-stay units out of 20.
- High demand from corporate clients due to one-bedroom self-contained apartment style.
- Perfect opportunity for industry newcomers or couples seeking a balanced lifestyle in a vibrant tourism hub.
- Electric Car Charger onsite for guest use
- Inspections are by appointment only
Date updated: 01 Dec 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $1,995,000
Net Income: $ 332,501 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 799,000
_{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: 17
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 2
_{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: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 21
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 56,133
_{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: 23 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: Not Set
_{Required Office Hours}

Complex Features: Noosa River Retreat is just a few minutes walk from the fabulous Noosa River, Noosaville Foreshore, Gympie Terrace and Thomas Street where you will find an amazing choice of restaurants, wine bars, cafes and beautiful parklands to enjoy BBQâs and picnicâs. We are located on the Noosa Loop just 3.1km from Hasting Street, Main Beach and Noosa National Park; you can travel via ferry, water taxi, hire a bike, take a stroll, or jump in the car and enjoy the boutique shopping and world-class restaurants, before heading back to rest, relax and rejuvenate at Noosa River Retreat Noosa River Retreat is an intimate boutique resort featuring one-bedroom self-contained apartments. Nestled in tranquil Noosaville, the resort features tropical gardens, FREE unlimited WiFi, a solar heated pool and gas heated spa, shared alfresco and barbecue area, and modern furnished apartments. Self-contained, self-catering apartments Undercover parking for 1 vehicle Guest laundry and clothesline Air-conditioning Free unlimited secure in-room Wi-fi Beautiful tropical gardens Friendly on-site managers Tour desk â Noosa Ferry Sunset Cruise ticketsOutdoor solar heated pool Gas heated hot tub BBQ area and tropical gardens Free use of our SUPâs Close Vicinity to biking and walking trails 7kW electric vehicle charger Bike Hire â Just $20 per day Oggy e-scooter hub

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 799,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 0

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: upstairs from the on title office convenient. new refurbed kitchens and bathroom. two bedrooms. large balcony with versatilely to lower the awnings to create another usable living space