Bribie Island, Queensland

Management Rights $2,465,000

Property Description

Prime Beach Front Holiday Resort, Woorim Beach, Bribie Island - 1P4426MR

A fundamentally strong business at 60% occupancy. The now well established new business/repeat business ratio translating into a solid growth trend line. With growth trending at better than 6% for each of the last three years, this business provides a solid return on investment of 20%. The location needs to be seen to be fully appreciated. Each apartment enjoys ocean views across the northern tip of Moreton Island and further across the Coral Sea. With beach driving access only four hundred metres north of the resort, this holiday destination provides for all tastes be they relaxation/serenity or adventure/environmental appreciation. All resort facilities provided to the highest standard yet the office reception hours are discretionary.

TOTAL NUMBER OF UNITS : 37
UNITS IN LETTING POOL : 28
MANAGERS RESIDENCE : 4 Bedroom, 2 bathroom, 2 cars

NET PROFIT : $364,000

REAL ESTATE PRICE : $ 685,000
BUSINESS PRICE : $1,780,000
TOTAL ASKING PRICE : $2,465,000

Property Summary

Business Snapshot

Price: Management Rights $2,465,000 Net Profit: $364,000 Remuneration / Body Corp Salary: $66,875Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $685,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 37Total Units in Letting Pool: 28Holiday Units: 27Permanent Units: 1Owner Occupy Units: 6Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesBBQ Area: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Peter Sagner
CRE Brokers

Phone

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Map Location ( get directions )

Bribie Island, Queensland 4507 Exact map location not provided

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