Urangan, Queensland

Semi–Retirement Business in Hervey Bay - 1P5173MR

Management Rights $640,000

Property Description

EXCLUSIVE TO CRE BROKERS. This is an opportunity to acquire an immaculate home with a lifestyle income from maintaining the gardens and grounds in an immaculate complex in popular Hervey Bay.

The manager's home features 4 bedrooms (or 3 and a study if you prefer), ensuite, gourmet kitchen and double lock-up garage in a quiet gated community.

There are 13 long-term rentals in the letting pool and finding new tenants is a breeze for this property, located just 300 metres to Woolworths.

TOTAL NUMBER OF UNITS : 27
UNITS IN LETTING POOL : 13
NET PROFIT : $70,000 (Projected)

REAL ESTATE PRICE : $490,000
BUSINESS PRICE : $150,000
TOTAL ASKING PRICE $: 640,000

Property Summary

Business Snapshot

Price: Management Rights $640,000 Net Profit: $53,775 Remuneration / Body Corp Salary: $35,656Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $490,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 27Total Units in Letting Pool: 13Permanent Units: 13Owner Occupy Units: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Fraser Coast
Marketing Agent
Ronnie Slebos
Ronnie Slebos

Listing location
Gallery

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