Hervey Bay, Queensland

FANTASTIC BEACHSIDE HOLIDAY COMPLEX

SOLD

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: SOLD Net Profit: $200,000 Remuneration / Body Corp Salary: $42,895Business Value: $600,000

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: 13Manager 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. Prime location: The complex is situated only 100m from the beautiful Shelley Beach, making it an attractive destination for holidaymakers.

2. Fully self-contained apartments: The complex offers one and two bedroom apartments that are fully self-contained, providing guests with all the amenities they need for a comfortable stay.

3. Tranquil environment: The complex is set in a peaceful and tranquil environment, surrounded by sub-tropical gardens and shade trees, providing guests with a relaxing and enjoyable holiday experience.

4. Easy workload: With minimal office hours required, this business offers a manageable workload for the owners, allowing them to maintain a good work-life balance.

5. Substantial sized residence: The complex includes a spacious 3-bedroom residence with a private outdoor area, providing a comfortable living space for the owners.

6. Low maintenance: The grounds, onsite pool, and BBQ area are all low maintenance, reducing the workload for the owners and ensuring the complex is always well-maintained.

7. Motivated vendors: The current owners are motivated to retire, making this business an attractive opportunity for buyers.

8. Affordable price: The business is being offered at a very attractive price of $995,000, with the 3-bedroom apartment priced at only $395,000, making it well below the market value in Hervey Bay.

9. Long-term agreements: The complex has 21 years remaining on the agreements, providing stability and security for the new owners.

10. Manageable workload: With only 13 units in the letting pool and a manageable workload, this business offers a great opportunity for those looking for a manageable and profitable business.

Management Rights Multiplier: 3.05
ROI Estimate: 20.10%