Leading Queensland commercial property agency Off Market Group has announced the successful sale of the management rights of a Noosa apartment complex for $1.075 million, as COVID fuels a surge of investor interest in hospitality assets.
The management rights sale of Myuna Holiday Apartments to a Brisbane family was negotiated by Noosa area specialist for Off Market Group, Damian Monahan after it had been in the market with a number of other agencies over several years.
Located near Noosa National Park and a short walk to Hastings Street, Myuna features 20 apartments, modern pool and barbecue area.
Group Business Director for Off Market Group, Chris Cameron, said the sale highlighted the growing appeal of Queensland’s hospitality sector.
“COVID has fuelled a new resurgence in quality hospitality assets as passive investments or live/work businesses,’’ Mr Cameron said.
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“The Sunshine Coast is still considered very good value. From Noosa to Caloundra the market is heating up.
“We have recently listed half a dozen more quality management rights in the Noosa area and continue to field strong new enquiries from interstate buyers looking to move and change their lifestyle,’’ he said.
Off Market Group is marketing a number of blue chip properties including absolute beachfront resort, The Retreat Beach Houses, Peregian Beach, where the management rights are listed for sale for $2,302,200.
