Hervey Bay, Queensland

$2,050,000

Property Description

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
- Spa
- Sauna
- Gym
- Tennis Court
- BBQ Facilities

Property Summary

Business Snapshot

Price: $2,050,000 Net Profit: $347,022 Remuneration / Body Corp Salary: $56,000

Managers Unit

Value of Managers Apartment: $520,000Bedrooms: 2Bathrooms: 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 Information

Complex Type: HolidayTotal Units in Complex: 36Total Units in Letting Pool: 28Holiday Units: 28Owner Occupy Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 20 years yearsPool: YesSpa: YesGym: YesTennis Court: YesPay TV: Yes

Marketing Agent

Barry Davies

Marketing Agency

Australian Resort Management Sales

Australian Resort Management Sales

Australian Resort Management Sales

Barry Davies
Australian Resort Management Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Hervey Bay, Queensland 4655 Exact map location not provided

Similar Properties

WEST END
Business For Sale - Permanent Management...

$2,150,000
Net Income: $273,500
Managers Estate: $700,000 2 Bed 2 Bath
Letting Pool: 110
Remuneration: $163,283

MR Sales
Redcliffe Holiday / Corporate
Exclusive

REDCLIFFE
Redcliffe Holiday / Corporate

$2,098,000
Net Income: $300,000
Managers Estate: $568,000 3 Bed - Bath
Letting Pool: 39
Remuneration: $50,845

RAAS Group
2537ML - A Touch of Class with Great Returns
Updated

TOOWOOMBA CITY
2537ML - A Touch of Class with Great...

Leasehold $2,050,000 + SAV
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers

ROBINA
Business For Sale - Large Permanent - Large...

$1,979,835
Net Income: $269,970
Managers Estate: $495,000 3 Bed 2 Bath
Letting Pool: 93
Remuneration: $158,542

MR Sales
JACK & NEWELL HOLIDAY APARTMENTS
Exclusive

27-29 Wharf Street CAIRNS CITY
JACK & NEWELL HOLIDAY APARTMENTS

$1,950,000
Net Income: $346,255
Managers Estate: $450,000 2 Bed 2 Bath
Letting Pool: 45
Remuneration: $84,511

CBRE Hotels

WEST END
OTP West End

$2,025,000
Net Income: $300,000
Managers Estate: $640,000 2 Bed - Bath
Letting Pool: 106
Remuneration: $106,000

RAAS Group