Rockhampton, Queensland

UNIQUE Management Rights Rockhampton (Great Tenants) Same managers 17 years

$960,000

Property Description

Overview

The business is perfectly located in Australia's beef cattle capital and benefits hugely from overseas 457 visa workers who are housed here by this multi National Meat Company. The meat company pays the bond and 2 weeks rent and worker pays back Meat Company. If any issues with tenant (only 3 in the whole 17 years) it is resolved by meat company. This gives the business the enviable position of being able to boast a 99% occupancy rate & "trouble free"


The Business
• Currently 54 in letting pool of this 46 x 2 bed, 26 x 3 bed quiet and orderly complex
• Separate freehold Office Block with a 2 x bedroom Unit attached (Can be Managers Residence), with Kitchen, lounge/dining, study, bathroom currently rented for $350 per week.
• 23 years remaining on managers agreement
• Large security gated complex comprising of 70 units of which 54 are in the letting pool
• High Body Corporate salary of over $165.00,000 + CPI
• Easily managed complex 5 day a week
• Massive room for growth into extra income streams i.e. selling of investors units)
• No set office hours
• Great opportunity to purchase a tightly held business as sellers are moving on and retiring after 17year
• New Body corporate committee
Net profit

For 2020 including managers wage $ 195,000 to $200,000 (2021)

Asking Price

$960,000 - Management Rights $660,000 + Office & 2 bed unit $300,000

There is also a large 44sq modern, fully air-conditioned double story comfortable freestanding home (away from complex) 4-bedroom, 1 x bathroom with upstairs Modern generous open plan Kitchen, and utilities room (currently being used as a dining/lounge) Laundry, bathroom & outdoor living space and extra parking.
Asking $400,000.

Property Summary

Managers Unit

Complex Information

Total Units in Complex: 0

Motel Information

Hotel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -
Marketing Agent
Simone Simpson
Simone Simpson

Business Brokers Network Australia

Business Brokers Network Australia

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

Business For Sale - Lifestyle Permanent Management RIghts - ID 9031 BL
Realistic Vendor - Keen To Sell
Not Required to Live Onsite
Located in Eight Mile Plains
Rare Large Townhouse Complex - High Renumeration
Quiet Townhouse Complex
Solid Investment - Motivated Vendor
Great Value Management Rights in Loganlea
Low Multiplier - Realistic Vendor - Potential For Growth
Brisbane CBD - Motivated Vendor
82HF - THRIVING QLD PUB WITH FANTASTIC ROI
Business For Sale - Large Varsity Lakes Permanent - ID 8941 H
ONE OF QUEENSLAND'S LARGEST MANAGEMENT RIGHTS PORTFOLIO’S TO HIT THE MARKET | Resort Brokers ID : MR006896
Secure this rare FREEHOLD motel on prime coastal reality with KNOCKOUT views! | Resort Brokers ID : FH006910
FREEHOLD CARAVAN PARK IN NORTH WEST QLD OFFERED WITH RETURN OF OVER 16%
2667ML - A GREAT SIZE MOTEL WHERE NUMBER OF ROOMS IS KING
2404ML - A SMALL PRICE TO START YOUR MOTEL CAREER
1114ML - BLUE CHIP WATERFRONT BOUTIQUE LEASEHOLD HOTEL