Urangan, Queensland

Management Rights - Fauna Retreat - Hervey Bay - 1P5226MR

Management Rights $1,100,000

Property Description

EXCLUSIVE TO CRE BROKERS. Unique Management Rights offering in tranquil setting close to the main beach in Hervey Bay. 33 cabins set amongst lakes, wildlife and gardens, creates a beautiful relaxing holiday space and and outdoors lifestyle manager's position.

This Management Rights comes with a very generous salary plus gardening allowance and with 22 years remaining on the agreements it's a 'must see'.

TOTAL NUMBER OF UNITS : 36
UNITS IN LETTING POOL : 33
MANAGER'S RESIDENCE : 1 bedroom lake front cabin

NET PROFIT:
FY 2019 : $183,685
FY 2020 : $122,932
FY 2021 : $210,334

REAL ESTATE PRICE : $185,000
BUSINESS PRICE : $915,000
TOTAL ASKING PRICE : $1,100,000

Property Summary

Business Snapshot

Price: Management Rights $1,100,000 Net Profit: $166,704 Remuneration / Body Corp Salary: $91,700Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $130,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 38Total Units in Letting Pool: 33Holiday Units: 33Owner Occupy Units: 1Outside Agent Units: 1Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: 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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