Urangan, Queensland

Urangan - Mixed Letting - Sold & Settled

SOLD

Business Description

UNDER CONTRACT
Large Beachside Complex with 1, 2 & 3 Bedroom Villas

- Hervey Bay Management Rights
- Body Corporate salary $93,278
- 61 villas with 27 in the letting pool
- Beautifully appointed accommodation, holiday tariffs range from $200-$400 per night
- Good mix of both holiday and permanent letting
- First class guest facilities
- Secluded location, walking distance to the beach - 60 metres
- Close to Hervey Bay's famous waterfront esplanade and boat harbour
- Relaxed resort style feel, perfect for a true getaway
- Large manager's residence offering 3 bedrooms, 2.5 bathrooms
- Adjoining office on title
- Pet permitted with Body Corporate approval

This Management Rights business boasts a quiet location and is the perfect base to explore the world famous Fraser Coast, including day trips to Fraser Island and whale watching.
Those wishing to inspect will not be disappointed.

Net Profit: $208,045
Asking Price: $1,150,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Hervey Bay Management Rights business for sale contact:

Management Rights Broker
Richard O'Connell

Property Code: 514

Business Summary

Business Snapshot

Price: SOLD Net Profit: $208,045 Remuneration / Body Corp Salary: $93,278Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

The manager’s residence is a modern, 2 level villa and features 3 bedrooms and 2.5 bathrooms. There is a double lock up garage and outdoor courtyard. Perfect for a family or a couple with ample room for visiting family and friends.

Complex Information

Complex Type: MixedTotal Units in Complex: 61Total Units in Letting Pool: 27Holiday Units: 13Permanent Units: 14Owner Occupy Units: 30Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesSpa: YesSauna: YesWIFI: Yes

Marketing Agent

Richard O'Connell

MR Sales

Key Investment Insights

1. Prime location near the beach, with a secluded and relaxed resort-style atmosphere.
2. Large complex with 61 villas, 27 of which are in the letting pool.
3. Good mix of both holiday and permanent letting, providing stable income.
4. First-class guest facilities, including a pool, spa, sauna, and WIFI.
5. Manager's residence offers 3 bedrooms and 2.5 bathrooms, perfect for a family or couple.
6. Adjoining office on title for convenience.
7. Pet-friendly complex with Body Corporate approval.
8. Body Corporate salary of $93,278, with CPI annual reviews.
9. Net profit of $208,045, providing a solid return on investment.
10. Close proximity to popular tourist attractions such as Fraser Island and whale watching tours.

Management Rights Multiplier: 2.88
ROI Estimate: 34.67%