Prime Location on Hastings Street, Noosa:
Discover an exceptional rare investment opportunity in the Iconic Hastings street Noosa with this management rights. This thriving business not only provides a solid income stream but also offers ownership in one of Queensland's most desirable destinations.
Located right on Hastings Street, this property grants unparalleled access to Noosa's world-famous beaches, boutique shopping, and vibrant dining scene. Hastings Street is renowned for its relaxed yet luxurious atmosphere, attracting holidaymakers and local visitors alike. As the bustling hub of Noosa, owning management rights here means you're at the center of activity, with high visibility and strong demand from guests and returning guests seeking premium accommodation. Its position enables a lifestyle of ease, with cafes, restaurants, beaches, and attractions all within walking distance. This prime location maximizes high occupancy and offers an enviable coastal lifestyleperfect for owners who wish to enjoy both a profitable, growing business and the iconic Noosa experience.
Manager's Unit:
A spacious, apartment that was refurbished in 21/22, overlooking the renowned Hastings Street. Just under 100 metres from the iconic Noosa Beach, it provides stunning views and easy access to the best of Noosa's attractions.
Growing Business & Strong Profitability:
This well-established management rights business benefits from consistent high occupancy and excellent profit margins. Its reputation for outstanding guest service and efficient management makes it a smart, sustainable investment. The business has 11 in the letting pool and 3 outside units which they manage which brings a total to 14 units.
Low Maintenance & Lifestyle Balance:
With minimal body corporate responsibilities, owners can enjoy a low-stress role and plenty of personal leisure time. This opportunity offers the perfect blend of business success and a relaxed coastal lifestyle.
Rare Market Opportunity & Growing Tourism:
Management rights in Hastings Street Noosa are highly sought after and seldom come available. With Noosa's steady tourism growth, this is a unique chance to secure a thriving business in a premium location.
Commerical businesses: There are 3 Commerical businesses at the front of the complex which do not generate any income and you do not do any work regarding these businesses.
-$305,949 core net income = $1.79M @ 5.85x
-$86,424 income from 3 apartments externally managed = $260K @ 3x
Total Business = $2.05M
Real Estate:
Managers Unit $1.9M
Total Listing Price $3.950M
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