Hervey Bay, Queensland

The Management Rights to Enjoy Hervey Bay

SOLD

Business Description

This Permanent lettings complex offers a single operator or semi retired couple a nice income suited to maintain a comfortable family life.

Clean neat and tidy, this operation earns $100K with minimal fuss.

Grounds are easily maintained, the townhouses are in excellent condition and with a safe, quiet environment enjoyed by all, this could be just what you are looking for.

The managers residence has its own entry point, separate from the office, but can be accessed internally for ease of operation.

The choice is yours.

Long established earnings, nearly 20 years of an exclusive caretaking salary in place (increasing annually), plus 30 Lots exclusively managed by the onsite managers with no set office hours, this ingredients definately provides an excellent life style change.

Time for you to take a leap and enjoy Hervey Bay in a stylish way....

Business Summary

Business Snapshot

Price: SOLD Net Profit: $100,000 Remuneration / Body Corp Salary: $50,805

Managers Unit

Value of Managers Apartment: $405,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 45Total Units in Letting Pool: 30Owner Occupy Units: 11Agreement Term: 25 yearsAgreement Term Remaining: 19.5 years to run years

Marketing Agent

Sasha Jancevski

07 5509....

Ras360

Key Investment Insights

1. This business for sale is the management rights to a permanent lettings complex in Hervey Bay.
2. The complex is well-maintained and offers a comfortable income of $100,000 for a single operator or semi-retired couple.
3. The grounds are easily maintained and the townhouses are in excellent condition.
4. The complex is located in a safe and quiet environment.
5. The manager's residence has its own separate entry point and can also be accessed internally for ease of operation.
6. The complex has been established for nearly 20 years and has an exclusive caretaking salary in place, which increases annually.
7. The onsite managers exclusively manage 30 lots with no set office hours.
8. The complex offers an excellent lifestyle change opportunity.
9. The managers unit has a value of $405,000 and has 3 bedrooms.
10. The complex is a permanent type with a total of 45 units, 30 of which are in the letting pool.
11. There are 11 owner-occupied units in the complex.
12. The agreement term is 25 years with 19.5 years remaining.

Management Rights Multiplier: 4.20
ROI Estimate: 23.81%