Urangan, Queensland

Under Contract - ID 9045

Under Contract / Offer

Business Description

UNDER CONTRACT

Mixed Management Rights For Sale - Hervey Bay
Consistent Performer with Opportunity to Grow

Management rights for two adjoining properties located on the sought-after Hervey Bay esplanade.

- 49 lots in total with 21 in the letting pool.
- Good mix of both holiday and permanent letting.
- Facilities include swimming pool, BBQ, CCTV and Wi-Fi
- Absolute waterfrontage and minutes' walk to Hervey Bay harbour.
- Lovely private setting with excellent amenities and location.
- Option to purchase standalone 2 bedroom manager's villa for $420,000
- Potential for an additional $52,000 in gross income by leasing the manager's unit for holiday purposes.

This management rights business presents the perfect opportunity for an active couple wanting to live and work in one of Queensland's noted holiday destinations.

The perfect location for guest access to the nearby boat harbour, Fraser Island (K'Gari) day trips and whale watching tours.

There is the opportunity to grow the business and increase the letting pool.

Net Profit: $239,660
Asking Price: $836,500
(Not inclusive of manager's real estate)

For further information or to arrange an inspection of the Hervey Bay Management Rights opportunity contact:

Management Rights Broker
Richard O'Connell

Property Code: 534

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $239,660 Remuneration / Body Corp Salary: $80,321

Managers Unit

Value of Managers Apartment: $420,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Pets OK: Yes

Option to purchase standalone 2 bedroom managers villa for $420,000, The managers residence is a standalone timber villa, It has high cathedral ceilings and timber finishes, There are two bedrooms and one bathroom, Also includes a lovely outdoor deck and private grassed rear area, The adjoining office has been setup with a separate entrance and has an additional small bathroom and storage area at rear, There are options for the managers to holiday let the villa and take up alternate accommodation on the property.

Complex Information

Complex Type: MixedTotal Units in Complex: 49Total Units in Letting Pool: 21Owner Occupy Units: 20Outside Agent Units: 6Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Richard O'Connell

MR Sales

Key Investment Insights

1. Mixed management rights for sale in Hervey Bay, a popular holiday destination in Queensland.
2. Consistent performer with opportunity to grow.
3. 49 units in total, with 21 in the letting pool.
4. Good mix of both holiday and permanent letting.
5. Facilities include swimming pool, BBQ, CCTV and Wi-Fi.
6. Absolute waterfrontage and minutes' walk to Hervey Bay harbour.
7. Option to purchase standalone 2 bedroom manager's villa for $420,000.
8. Potential for an additional $52,000 in gross income by leasing the manager's unit for holiday purposes.
9. Perfect location for guests to access nearby boat harbour, Fraser Island day trips, and whale watching tours.
10. Opportunity to grow the business and increase the letting pool.
11. Net profit of $239,660.
12. Asking price of $836,500 (not inclusive of manager's real estate).
13. Manager's residence is a standalone timber villa with high cathedral ceilings and timber finishes.
14. Complex type is mixed, with a total of 49 units and 21 in the letting pool.
15. Agreement module is accommodation with a term of 25 years, with 22 years remaining.
16. Facilities include a pool, BBQ area, and Wi-Fi.

Management Rights Multiplier: 1.74
ROI Estimate: 57.54%