Hope Island, Queensland

$3,220,000

Property Description

HIGH NETTING, PERMANENT RESIDENTIAL RESORT, NO REQUIREMENT TO LIVE ONSITE | Resort Brokers ID : MR006318

ResortBrokers brings you the rare opportunity to secure the highly desired management rights & associated real estate to HarbourSide Marina Apartments. Located on stunning Hope Island this impeccable residential resort offers a high net, strong occupancy and gives the operator the freedom to live off-site!


Sprawling over a low-maintenance 5-hectare site in this waterside suburb,HarbourSide Marina Apartments is an efficiently run, fully established complex comprising 185 modern apartments. The successful business offers the incoming operators with good scope for growth and is underpinned by a substantial BC salary.



  • 185 apartment complex split over 9 three-storey buildings

  • High Body Corporate salary of $331,745

  • 23 years remaining on Caretaking and Letting Agreements

  • 91 apartments in the on-site letting pool with additional 9 external lots

  • 34 external agents representing a sizeable potential upside for new manager

  • Fantastic facilities including BBQ gazebos, two swimming pools, playground, gym, theatre & function room

  • Consistently high occupancy levels ensuring a stable business platform

  • Professional reception area, back office area, meeting / lunch room and storage on exclusive use

  • Tenanted 3 bedroom / 2 bathroom manager's unit with 6 x car parks under title

  • No requirement to live on-site - additional circa $25,000 per annum in gross rent from manager’s unit

  • Superb location with easy accessibility to world-class amenity including beaches, major shopping precincts, golf courses, motorway & entertainment

Date updated: 18 Sep 2020 23:00:06

Property Summary

Business Snapshot

Price: $3,220,000 Net Profit: $439,623 Remuneration / Body Corp Salary: $331,745

Managers Unit

Value of Managers Apartment: $495,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 185Total Units in Letting Pool: 94Holiday Units: 94Agreement Term Remaining: 25 years

Marketing Agent


Marketing Agency

ResortBrokers

Paul Mueller
ResortBrokers

Phone

Listing Tools

This listing last updated: 18th September 2020

Property Map

Map Location ( get directions )

Hope Island, Queensland 4212 Exact map location not provided

Similar Properties

Business For Sale - UNDER CONTRACT - ID 8444 BL
Exclusive

SOUTHPORT
Business For Sale - UNDER CONTRACT - ID...

$3,100,000
Net Income: $461,000
Managers Estate: $430,000 3 Bed 1 Bath
Letting Pool: 160
Remuneration: $258,253

MR Sales