WATERFRONT HOLIDAY LETTING BUSINESS, BRIBIE ISLAND - 1P4277MR
Situated on the Esplanade and over-looking the sparkling waters of the Pumicestone Passage the property offers 15 x 2 and 3 bedroom holiday rental units. Easy run by one or two person management team looking for the life-style opportunity that this operation offers.
Manager's 3 bedroom/2 bathroom ground floor unit with waterfront views, single lockup garage plus single covered carport and office/reception on title.
Current Manager looking to retire.
Total Number of Units : 24
Units in Letting Pool : 15
Real Estate Price : $525,000
Business Price : $575,000
Total Asking Price: $1,100,000
Price: Management Rights $1,100,000
Net Profit: $143,000 Remuneration / Body Corp Salary: $47,293Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $525,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Complex InformationComplex Type: n/aTotal Units in Complex: 24Total Units in Letting Pool: 15Holiday Units: 15Owner Occupy Units: 6Outside Agent Units: 1Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS