Torquay, Queensland

HERVEY BAY BEACHFRONT LIFESTYLE BUSINESS

SOLD

Business Description

This prime Beachfront resort provides visitors to Hervey Bay with a high standard of self-contained family accommodation with three floors of spacious two-bedroom apartments all with lift access.

Easily managed complex of only 12 apartments (currently 10 in the letting pool, 1 managers & 1 outside let). Presently operated by 1 person with casual housekeeping whilst partner works elsewhere. Complex can easily be operated by couple with no other staff as well

Very motivated vendors hence this business is being offered way below the market at only total price of $600,000 2-bedroom apartment at $450,000 and business price of $150,000 which is only a just over a multiplier of one.

You won’t find a prime beachfront property at this price anywhere else. Hurry as this property and business will not last long before being sold.

Property Code: 1136

Business Summary

Managers Unit

Complex Information

Marketing Agent
Premier Business Sales

Premier Business Sales

Key Investment Insights

1. Prime beachfront resort with high standard of self-contained family accommodation in Hervey Bay
2. Three floors of spacious two-bedroom apartments with lift access
3. Easily managed complex with only 12 apartments (currently 10 in letting pool)
4. Can be operated by a couple with no other staff
5. Motivated vendors offering the business at a significantly discounted price of $150,000
6. Property and business being sold for a total price of $600,000
7. 2-bedroom apartment included in the sale at $450,000
8. Multiplier of just over one for the business price
9. Rare opportunity to own a prime beachfront property at a discounted price
10. Highly sought after location in Hervey Bay
11. Potential for growth and expansion with additional marketing and management efforts
12. Hurry, as this property and business will not last long on the market.
Listing location

This Business is sold

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