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: 26Holiday Units: 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
Barry Davies

Matt Campbell
Matt Campbell

Resort Management Sales

Resort Management Sales

Key Investment Insights

- Located in a prime tourist destination with easy access to shops, cafes, and restaurants
- Spacious, fully self-contained apartments with modern amenities
- Easy operation with minimal gardening and mowing
- Body Corp pays for pool upkeep
- On-site facilities including swimming pool, spa, sauna, gym, tennis court, and BBQ area
- Potential for growth through increasing occupancy rates and implementing marketing strategies
- Manager's apartment features ducted air-conditioning and a back office that could be used as a third bedroom
- Long agreement term remaining (19 years)
- Majority of units in the letting pool are holiday units, providing a steady income stream
- Opportunity for pet-friendly accommodation
- Located in a popular holiday destination with potential for high rental demand
- Potential for additional income through offering additional services such as tour bookings and airport transfers.

Management Rights Multiplier: 5.22
ROI Estimate: 19.15%

Listing location

This Business is sold

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