Bongaree, Queensland

Business For Sale - Your Island Lifestyle Awaits - ID 8637 BL

$872,000

Property Description

Management Rights For Sale
Easy to Manage Business in a Beautiful Location - Bribie Island

- Motivated vendors looking for a new chapter offers you this great opportunity
- Small low rise apartment complex
- 30 apartments with 12 in the holiday letting pool
- Would suit two person team looking for a sea change
- Accommodation Module agreements expire 2038
- Solid performance through Covid with opportunities galore as borders open and the Olympics beckon
- Strong forward bookings
- Supportive Body Corporate committee
- Two bedroom manager's residence with office and storage areas on title
- Lovely, easy to manage complex in beautiful location. What's not to like??

Net Profit: $124,280
Asking Price: $872,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Bribie Island Management Rights business for sale contact:

Management Rights Broker
Peter Ross

Property Summary

Business Snapshot

Price: $872,000 Net Profit: $124,280 Remuneration / Body Corp Salary: $58,707Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $350,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes
Located on the ground floor, 2 bedrooms, 1 bathroom, Separate toilet, Air conditioning, Ceiling fans, One allocated secure parking space

Complex Information

Complex Type: HolidayTotal Units in Complex: 30Total Units in Letting Pool: 12Holiday Units: 12Owner Occupy Units: 12Outside Agent Units: 4Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Listing location
Gallery

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