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160,000 Reasons why you should buy this Holiday Resort

$1,432,500

Noosaville, Queensland

160,000 Reasons why you should buy this Holiday Resort

Management Rights just got a whole lot better with this Boutique complex.
Currently, this management couple enjoy a delightful operation mixed with a great work life balance. If you would be happy to earn $160,000 net income per year and your partner still maintain their own career, then this may be your perfect option. Enjoy your down time relaxing by the river.
The perfect lagoon style swimming pool, spa bath and BBQ domain is ideally positioned for all to access, yet easy enough to maintain.
• Managements 25 year exclusive caretaking and letting agreements have 20 years to run.
• 8 of 11 lots are exclusively rented by onsite management (70%).
• A spacious air-conditioned elevated manager’s unit with 3 bedrooms, 2 bathrooms and private large balcony.
• Light filled, detached air-conditioned ground floor office on title.
• Body Corporate Remuneration $31,878 ex gst (adjusted annually to CPI)
• Nett Profit $160,555 (includes body corporate remuneration)
• Manager’s Unit & Office Price $710,000
• Business Price $722,500
• Price $1,432,500

This beautiful property is nestled within the Noosaville precinct of riverside cafes, restaurants, walking paths, swimming holes, fishing spots, parks and water sports.
Inspection by appointment will impress.

Features

Business Snapshot

  • Price: $1,432,500
  • Net Profit: $160,000

Managers Unit

  • Value of Managers Apartment: $710,000
  • Bedrooms: 3

Complex Information

  • Complex Type: Resort
  • Total Units in Complex: 12
  • Total Units in Letting Pool: 8
  • Holiday Units: 8
  • Owner Occupy Units: 2
  • Agreement Term: 20 years
  • Agreement Term Remaining: 19 years to 2037 years

Business Links / Tools

Last updated: 11th July 2018

Summary

Property Type
Business
Contract Type
For Sale
Location
 Noosaville
State
 Queensland
Price
$1,432,500
Category
  • Management Rights
  • Property/Real Estate

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