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Established Noosaville Resort Management Rights plus 3 Bedroom Villa

$895,000

21 / 261 WEYBA Road, Noosaville, Queensland

Established Noosaville Resort Management Rights plus 3 Bedroom Villa

Open Homes, Private Inspections & Video Walk-Throughs
All of our properties at Richardson & Wrench Noosa are available to inspect. If you are unable to attend an open home, please contact us to book a private inspection or video walk-through.

Located in the heart of Noosaville, this Resort has 20x 2 bedroom townhouses plus a recently renovated 3 bedroom managers villa. There are 12 units in the Letting Pool, 6 owner occupied, 1 permanent and 1 Lockup. The Agreement with the Body Corporate has 16 years to run, currently paying the managers $41,700 per year with CPI increases. Net profit figures are well over $100,000 net a year, and the latest P&L statement is available to seriously interested prospective purchasers.
The current managers have run the Resort for over 9 years and it is time to move on, leaving all the return guest bookings and Good Will with the new owners. The occupancy rate runs at about 68% and could be improved with a strong marketing strategy.
The resort boasts of a sparse lawn and tropical garden setting, which each of the townhouses look onto from a private portico. There is a solar heated pool, shaded children’s pool and a gas heated Spa. There are 2 new BBQ’s. many of the Townhouses have been renovated and the resort has excellent reviews from all the on-line booking sites.

Features

General Features

  • Bedroom: 3
  • Bathrooms: 2
  • Carports: 1

Townhouse Links / Tools

Last updated: 9th September 2020

Summary

Property Type
Townhouse
Contract Type
For Sale
Location
 Noosaville
State
 Queensland
Price
$895,000
Bedrooms
3
Bathrooms
2
Carspaces
1

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Agency

Richardson and Wrench Noosa

Richardson and Wrench Noosa

Contact

Frank Milat