Torquay, Queensland

MANAGEMENT RIGHTS IN HERVEY BAY DIRECTLY ACROSS FROM THE BEACH | Resort Brokers ID : MR008118

$1,410,000

Business Description

ResortBrokers presents a remarkable opportunity to acquire the management rights to White Crest Apartments, located in the heart of Hervey Bay. This property offers a unique blend of lifestyle and income with a strong emphasis on comfort and convenience.

The White Crest Apartments complex is a well-established holiday letting business, comprising 35 units with a healthy letting pool of 19. The property boasts a range of facilities including a solar-heated swimming pool, a
full-size day/night tennis court, tropical landscaped gardens, and a barbecue area with undercover seating.

The manager's unit is a spacious two-bedroom, two-bathroom residence with a north-facing courtyard, open plan living, and a renovated kitchen with stone bench tops and a large office easily converted into a third bedroom if needed. The unit is fully air-conditioned, providing a comfortable living environment all year round.

One of the key highlights of this opportunity is the flexibility it offers. There is no requirement for the manager to reside onsite, if a nominee resides in the unit, giving freedom to live elsewhere while still managing the property. This flexibility is a significant advantage in today's market, where work-life balance is highly valued.

- Prime location in the heart of the Bay area.
- Beachfront property providing with easy access to water activities.
- Conveniently located within walking distance of numerous dining options.
- Ample parking with additional space for boats and trailers.
- Long-term agreements provide business security.
- High repeat and return visitation indicate a strong customer base.
- Strong returns demonstrate the profitability of the business.
- Inspection by appointment only.Unit $490,000
Business $918,000Price $1,410,000


Date updated: 09 Jun 2024 23:00:13

Business Summary

Business Snapshot

Price: $1,410,000 Net Profit: $270,148 Remuneration / Body Corp Salary: $59,567

Managers Unit

Value of Managers Apartment: $490,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 35Total Units in Letting Pool: 19Owner Occupy Units: 6Outside Agent Units: 2Lockup Units: 7Agreement Term Remaining: 21 years
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