Hervey Bay, Queensland

FANTASTIC BEACHSIDE HOLIDAY COMPLEX

$995,000

Business Description

Set in a tranquil environment of sub-tropical gardens and beautiful shade trees this complex is only 100m from stunning Shelley Beach – offering one and two bedroom fully self-contained holiday apartments, the complex is a great business with easy workload.

Substantial sized residence with 3 bedrooms and private outdoor area with attached reception for ease of operation. Minimal office hours required. Grounds, onsite pool and BBQ area all low maintenance.

Very motivated retiring vendors hence this business is being offered to the market at a very attractive price of $995,000.

3-bedroom apartment at only $395,000 (way below Hervey Bay market) and business price at $600,000 at a 3 multiplier.

- Net Profit $200k (TBC)

- 21 years remaining on agreements (16 years plus top up of extra 5 years at AGM May 2023)

- 3 Bedroom Managers Residence

- Very manageable workload

Call now to book an inspection of the outstanding opportunity!

Property Code: 1083

Business Summary

Business Snapshot

Price: $995,000 Net Profit: $200,000 Remuneration / Body Corp Salary: $42,895

Managers Unit

Value of Managers Apartment: $385,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 25Total Units in Letting Pool: 13Holiday Units: 12Permanent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Charlie Eames

Premier Business Sales

Key Investment Insights

1. The complex is located in a prime beachside location, only 100m from Shelley Beach, making it an attractive destination for holidaymakers.
2. The complex offers a range of fully self-contained holiday apartments, including one and two bedroom options, catering to a variety of guests.
3. The business has a low workload, with minimal office hours required, making it an easy operation for the owners.
4. The property includes a spacious 3-bedroom residence with a private outdoor area, attached reception area, and low maintenance grounds, pool, and BBQ area.
5. The motivated retiring vendors are offering the business at a very attractive price of $995,000, with a 3-bedroom apartment priced at $395,000 and the business at $600,000.
6. The business has a net profit of $200,000 (to be confirmed), making it a profitable opportunity for potential buyers.
7. There are 21 years remaining on the agreements, with the option to top up for an additional 5 years at the AGM in May 2023.
8. The managers' unit is valued at $385,000 and includes 3 bedrooms, 1 bathroom, and an on-title office.
9. The complex has a total of 25 units, with 13 in the letting pool, including 12 holiday units and 1 permanent unit.
10. The agreement module is Accommodation, with a term of 25 years, and 21 years remaining.
11. The complex features a pool, BBQ area, and WIFI for guests to enjoy during their stay.

Management Rights Multiplier: 3.05
ROI Estimate: 32.79%