Hope Island, Queensland

Under Contract / Offer

Property Description

HIGH NETTING PERMANENT MR - NO REQUIREMENT TO LIVE ONSITE! | Resort Brokers ID : MR006499

Offered exclusively to the market by ResortBrokers is the opportunity to secure the the management rights & associated real estate to a prime, large-scale permanent management rights business, located in a stunning position on the waterside suburb of Hope Island.


HarbourSide Marina Apartments is an efficiently run, fully established complex comprising 185 modern apartments. This 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

  • Ability and scope to do short-term letting and grow bottom line

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

  • 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: 24 Feb 2021 23:00:05

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $457,000 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

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Map Location ( get directions )

Hope Island, Queensland 4212 Exact map location not provided

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