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Riverfront Management Rights in Tightly Held Hastings Street | Resort Brokers ID : MR008724
$3,700,000
Permanent Management Rights, NOOSA HEADS QLD
ResortBrokers is delighted to present a rare opportunity on iconic Hastings Street, Noosa Heads. Set in a prestigious riverfront location, this management rights business includes 11 keys under the CTS and 3 external units, offering exceptional potential for growth through hands-on management and strategic letting.
Supported by a 21-year caretaking and letting agreement, the business delivers long-term income stability. A standout feature is the luxurious managers residence a spacious two-bedroom, two-bathroom apartment ideal for owner-occupiers seeking the perfect blend of lifestyle and investment.
With strong year-round demand, minimal staffing requirements, and a blue-chip address, this is a high-performing business in one of Australias most tightly held markets. Rarely do Hastings Street assets come to market and even fewer are suited to private management. Enquire now to secure your position in this premier Noosa location.
- Trophy asset in Australia's most prestigious tourism strip, Hastings Street, known for its exclusivity andhigh value
- Prime front-row real estate in a high-demand destination, offering a golden investment opportunity with unbeatable visibility and returns
- Scarce management rights on Hastings Street, highly valued by savvy buyers for their location and rarity
- Significant growth potential for proactive operators to enhance the letting pool and increase daily rates
- Efficient operation with minimal staffing, limited office hours and minimal resort facilities
- Long-term income security with generous tenure agreements, providing confidence and lending security
- Premium year-round demandis supported by a solid net profit and a body corporate salary that increases annually by CPI
- 11 units in the letting pool plus 3 external units - high-earning apartments zoned for tourism to safeguard your investment
- Inspections are by appointment only
Date updated: 21 May 2025 23:00:01
More Information
- Total Purchase Price: $3,700,000
- Net Income: $ 392,374
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours