10 Mar 2022
Words Nelson Yap Australian Property Journal

APJ's On The Market - Noosa

The management rights to Noosa Pacific Resort are entering the market, for the first time in seven years.

Glenn Millar and Chenoa Daniel from ResortBrokers Sunshine Coast are managing the sale of the rights at $7.82 million, with the resort boasting a net income of $750,000 per annum.

“This asset exceeded a high net profit of more than $750,000 in a market mostly propped up by Queensland travellers during covid-19. The next operator is set for an even more robust year with domestic and international borders now open,” said Daniel.

Across the 6-floor Waterfront Towers and 2-floor Garden Side Precinct, the property includes 51 apartments, with 39 in the managers letting pool, with the luxury managers apartment also being offered at $2.9 million.

The site also features a private beach and jetty access, as well as two pools, two spas and a tennis court.