Bribie Island, Queensland

Management Rights $1,100,000

Property Description

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

Property Summary

Business Snapshot

Price: Management Rights $1,100,000 Net Profit: $143,000 Remuneration / Body Corp Salary: $47,293Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $525,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex 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

Marketing Agent


Marketing Agency

CRE Brokers

Jim Prentice
CRE Brokers

Phone

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Map Location ( get directions )

Bribie Island, Queensland 4507 Exact map location not provided

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