A Standout Business
First time on the market in 7 years, these apartments are the number one choice of accommodation in Hervey Bay, high profile and very sought after. Linked to major corporate travel agencies with very strong repeat corporate accounts and bookings. Consistently booked out year to year for Christmas, Easter and events.
Very easy simple administration and maintenance systems in place. Admin and housekeeping staff solid, loyal and long term. Strong relationship with letting pool owners, with almost all apartments refurbished or owners agreeing to some further refurbishment. Good solid relationship with Body Corporate. Current Managers live off site with approval from Body Corporate and caretaker is in place.
Resort facilities include:
- Swimming Pool
- Tennis Court
- BBQ Facilities
Business SnapshotPrice: $2,050,000Net Profit: $340,000 Remuneration: $56,000
Managers UnitValue of Managers Apartment: $520,000Bedrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Huge Managers apartment can be utilized as 2 bedroom and study nook or 1 bedroom and study nook with large office or reception office. Raised garden bed at rear of Apartment also on title for possible later build. Kitchen renovated with stone benches approx. 18 months ago. New carpets, new paintwork throughout. Two modem bathrooms.
Complex InformationTotal Letting Pool: 28Agreement Term: 25 years