Hervey Bay, Queensland

Beachside Starter in Management Rights – Hervey Bay - 1P4863MR

Management Rights $650,000

Property Description

CRE Brokers have been appointed Exclusive agents to market Silver Sands Management Rights.

This easy-to-manage complex is located on the Esplanade, in the heart of Hervey Bay, across the road from the beach and walking distance to cafés, restaurants and shops.

The complex is easily managed by a couple and has untapped potential in terms of rates and marketing. The current managers have been there for nearly 10 years and retirement beckons.

TOTAL NUMBER OF UNITS : 12
UNITS IN LETTING POOL : 11
NET PROFIT : $85,000

REAL ESTATE PRICE : $350,000
BUSINESS PRICE : $300,000
TOTAL ASKING PRICE : $650,000

Property Summary

Business Snapshot

Price: Management Rights $650,000 Net Profit: $85,000 Remuneration / Body Corp Salary: $21,101Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $350,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 12Total Units in Letting Pool: 12Holiday Units: 11Permanent Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Fraser Coast
Marketing Agent
Ronnie Slebos
Ronnie Slebos

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

Semi–Retirement Business in Hervey Bay - 1P5173MR
CRE Brokers
Semi–Retirement Business in Hervey Bay -...

URANGAN

Management Rights $640,000

Net Income: $53,775
Managers Estate: $490,000 4 Bed 2 Bath
Letting Pool: 27
Remuneration: $35,656

Caretaking only with unit
1853ML - A QUALITY MOTEL CLOSE TO MELBOURNE
5 Acres Of Beautiful Country To Live. Caravan Park For Sale.
2644ML - EXCEPTIONAL OPPORTUNITY MONEY MAKER $$ VERY PROFITABLE REFURBISHED LARGE LEASEHOLD MOTEL NORTH QUEENSLAND
Neat as a Pin in the Centre of Beaudesert! 1P5331M
New passive investment in a major coastal town | Resort Brokers ID : INV006829
Substantial leasehold motel in booming regional city | Resort Brokers ID : LH006813
BOUTIQUE MOTEL on the beautiful Mid North Coast
Eight Spence Motel -  1P5330
293CPF - FREEHOLD MIXED BUSINESS TOURIST PARK
Beachside Living at its Best! | Resort Brokers ID : MR006819
939CPF - FANTASTIC STARTER - BRUCE HWY FREEHOLD MOTEL AND CARAVAN PARK, MACKAY and BRISBANE HALFWAY STOP
Business For Sale - Highly Profitable in Holiday Hotspot - ID 9022 H
2509ML - FANTASTIC STARTER - CHEAP LEASEHOLD WITH UPSIDE
1031CPF - MONEY MAKING OPPORTUNITY RECENTLY UPGRADED
Don't miss out on this rare chance to secure an OTP management rights | Resort Brokers ID : OTP006655
Burleigh Heads Beauty with Scope to Grow | Resort Brokers ID : MR006814
EXCEPTIONAL & UNIQUE MIXED USE BUSINESS OFFERING ON STUNNING MORETON ISLAND!    | Resort Brokers ID : FH006812