Montville, Queensland

$1,900,000

Property Description

Business For Sale - VENDOR WANTS IT SOLD - ID 8861 BL

PRICE REDUCTION
Spectacular Views Over The Sunshine Coast
Growth Potential For Enthusiastic Operator

- Sunshine Coast management rights - opened in November 2016
- Occupancy rates still growing
- Opportunity to increase owner charges up to market rates
- Very little marketing done to date
- Would suit an enthusiastic couple to take this business to the next level
- Motivated vendors ready to deal on terms to the right buyer
- Has an adjoining restaurant/function/wedding venue (under separate management)
- All rooms furnished to a very high standard
- One bedroom manager's residence with option to relocate to larger apartment
- No requirement to live on site

This magnificent complex has been operated since opening by the developers who are hoteliers. There is ample growth, both in occupancy rates and pricing which gives the incoming manager opportunity for a higher net income and some good capital growth.

Net Profit: $287,122
(Vendor projection $320,000 12 months ending 30/06/2018)
Asking Price: $1,900,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Sunshine Coast management rights business for sale contact:

Exclusive Brokers
Tony Johnson - 0433 335 679
tonyjohnson@mrsales.com.au

Gerard Dixon - 0433 617 515
gerarddixon@mrsales.com.au

Property Summary

Business Snapshot

Price: $1,900,000 Net Profit: $320,000 Remuneration / Body Corp Salary: $44,000

Managers Unit

Value of Managers Apartment: $300,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title
No requirement to live on site

Complex Information

Complex Type: HolidayTotal Units in Complex: 24Total Units in Letting Pool: 23Holiday Units: 23Owner Occupy Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent


Marketing Agency

MR Sales

MR Sales

MR Sales

Gerard Dixon
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Montville, Queensland 4560 Exact map location not provided

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