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
Premier Business Sales

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%

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Business For Sale - Small Holiday Complex In Beautiful Hervey Bay - ID 8511
MR Sales
Business For Sale - Small Holiday Complex...

TORQUAY

$995,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Exciting Update! Price Reduced - Owners have purchased elsewhere! | Resort Brokers ID : MR007551
ResortBrokers
Exciting Update! Price Reduced - Owners...

HERVEY BAY

$900,000

Net Income: $244,671
Managers Estate: $180,000 2 Bed 1 Bath
Letting Pool: 36
Remuneration: $73,800

Motel Lease For Sale NSW ( Consistent Performer )
EXCITING OPPORTUNITY TO OWN YOUR OWN FREEHOLD MOTEL BY THE BAY - 2754MF
Redefining waterfront views – Noosaville’s absolute paradise management rights  | Resort Brokers ID : MR008048
Rare Freehold Going Concern Opportunity in busy Regional City | Resort Brokers ID : FH008015
GREAT STARTER LEASEHOLD MOTEL OPPORTUNITY - 2347ML
A CLASSIC PUB IN THE HEART OF TOWN - 116HF
Unlock Lucrative Returns with Effortless Part-Time Opportunities - ID 9115
3 FOR THE PRICE OF 2 FREEHOLD PACKAGE - 853MF2
IMMACULATE MOTEL LEASEHOLD WITH STUNNING OCEAN VIEWS - 501ML
GREAT STARTER MOTEL INVESTMENT OPPORTUNITY - 2347MI
GREAT STARTER MOTEL OPPORTUNITY - 2347MF
PURE LUXURY ACCOMMODATION WITH AN INCOME - 2811MF
Busy Lodge in the Heart of the Village
Exclusive - All About Location - Permanent Gem in Sought After Robina - ID 8943
Leasehold Motel, a standout in the Northern Rivers.
Thriving Caravan/Cabin Park with significant growth potential in Walkamin | Resort Brokers ID : FH008038
Acquire the leasehold of the tranquil Girraween Country Inn | Resort Brokers ID : LH008047
FREEHOLD PREMISIS + HOTEL BUSINESS + 10 ACCOMODATION ROOMS + 3 SHOPS!