Torquay, Queensland

Overlooking The Shelly Beach

SOLD

Business Description

Overlooking magnificent Shelly Beach, this complex is only a stroll away from the enticing array of shops, cafes, and restaurants of Hervey Bay and the historic Urangan Pier.

Offering spacious, fully self-contained 1 and 2 bedroom apartments that feature large bedrooms and living areas, large balconies for entertaining or relaxing, equipped gourmet kitchens and full laundry facilities.

Easy operation with minimal gardening and mowing plus Body Corp paying for pool upkeep.

Complex includes:
- Swimming Pool
- Spa
- Sauna
- Gym
- Tennis Court
- BBQ Facilities

Business Summary

Business Snapshot

Price: SOLD Net Profit: $440,533 Remuneration / Body Corp Salary: $62,505

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Ducted air-conditioning, back office could be 3rd bedroom.

Complex Information

Complex Type: HolidayTotal Units in Complex: 49Total Units in Letting Pool: 26Owner Occupy Units: 13Outside Agent Units: 1Lockup Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesPay TV: Yes

Marketing Agent

Barry Davies

0438 55....

Matt Campbell

0410 34....

Resort Management Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prime location overlooking Shelly Beach in Hervey Bay, close to shops, cafes, and restaurants.
2. Spacious, fully self-contained 1 and 2 bedroom apartments with large bedrooms and living areas, balconies, gourmet kitchens, and laundry facilities.
3. Easy operation with minimal gardening and mowing.
4. Body Corp covers pool upkeep expenses.
5. Complex amenities include a swimming pool, spa, sauna, gym, tennis court, and BBQ facilities.
6. Strong financials with a net profit of $440,533 and a remuneration/Body Corp salary of $62,505.
7. Managers unit valued at $550,000 with 2 bedrooms, 2 bathrooms, and 2 car spaces.
8. Office included on title and potential to convert back office into a 3rd bedroom.
9. Complex type is holiday with 49 total units, 26 in the letting pool, and 13 owner-occupied units.
10. Long agreement term of 25 years with 19 years remaining.
11. Additional amenities such as a pool, spa, sauna, gym, tennis court, and BBQ area.
12. Pay TV available for guests.
13. Potential for growth and increased profits through marketing and management strategies.

Management Rights Multiplier: 5.22
ROI Estimate: 15.46%