Management Rights – Hervey Bay – walk to beach and Urangan Pier - 1P4636MR
Exclusive to CRE Brokers. The only resort with a swim-up bar in Hervey Bay is on the market. The managers enjoy living in a very generously-sized 3 bedroom villa with ensuite, walk-in robe, second bathroom and downstairs powder room.
The resort features a beautiful pool area with swim-up bar that has a lucrative upside for the manager who delivers a bar sales service. The complex features a mix of 2 and 3 bedroom villas, all with ensuites, in an ideal location; close to the beach, close to Urangan Pier and close to a large shopping centre which includes a Woolworths.
Pets are OK, 27 units are in the letting pool, some holiday and some permanent so there is upside there too. The complex will shortly be repainted in moderns colours which will bring a positive uplift for the resort and its presence in Hervey Bay.
TOTAL NUMBER OF UNITS : 48
UNITS IN LETTING POOL : 27
NET PROFIT : $179,000
REAL ESTATE PRICE : $425,000
BUSINESS PRICE : $760,000
TOTAL ASKING PRICE : $1,185,000
Price: Management Rights $1,185,000
Net Profit: $179,000 Remuneration / Body Corp Salary: $71,408Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $425,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Complex InformationComplex Type: HolidayTotal Units in Complex: 48Total Units in Letting Pool: 27Holiday Units: 14Permanent Units: 13Owner Occupy Units: 16Outside Agent Units: 2Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesTennis Court: YesBBQ Area: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS