Urangan, Queensland
Hervey Bay Beachfront Dual Management Rights - ID 9045
$677,250
Business Description
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 22 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 $400,000
- 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: $193,500
Asking Price: $677,250
(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: $677,250
Net Profit: $188,460 Remuneration / Body Corp Salary: $79,711
Managers Unit
Bedrooms: 2Bathrooms: 1Car Spaces: 1Pets OK: YesOption to purchase standalone 2 bedroom managers villa for $400,000, 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: 22Owner Occupy Units: 19Outside Agent Units: 6Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: YesWIFI: Yes
Key Investment Insights
Key Insights:
1. Consistent performer with opportunity to grow: The business has a stable and reliable income, but there is also potential for growth and increasing the letting pool.
2. Prime location: The management rights are located on the sought-after Hervey Bay esplanade, with waterfront access and close proximity to popular tourist destinations.
3. Good mix of holiday and permanent letting: The business has a diverse range of clients, with both holiday and permanent letting options available.
4. Well-maintained facilities: The complex offers excellent amenities such as a swimming pool, BBQ area, CCTV, and Wi-Fi, making it an attractive option for guests.
5. Potential for additional income: There is the opportunity to generate an additional $52,000 in gross income by leasing the manager's unit for holiday purposes.
6. Manager's villa available for purchase: The standalone 2 bedroom manager's villa is available for purchase for $400,000, providing the option for managers to live on-site or use it for holiday letting.
7. Opportunity to grow the business: With potential for growth and increasing the letting pool, this management rights business presents an attractive opportunity for an active couple.
8. Ideal location for guests: The complex is in a perfect location for guests to access nearby attractions such as the boat harbour, Fraser Island, and whale watching tours.
9. Long-term agreement: The management rights have a 25-year agreement term with 22 years remaining, providing stability and security for the business.
10. Strong net profit: The business has a strong net profit of $193,500, making it a profitable investment opportunity.
