Hervey Bay, Queensland
Beachside Starter in Management Rights – Hervey Bay - 1P4863MR
Management Rights $650,000
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
Price: Management Rights $650,000
Net Profit: $85,000 Remuneration / Body Corp Salary: $21,101Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $350,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes
Complex InformationComplex 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