Scarness, Queensland

$2,050,000

Property Description

Exceptional Fraser Coast Investment

Located in the heart of Hervey Bay, close to restaurants and across from the beach, is this complex waiting for a new manager. The current managers have been here for 8 years and are looking for a holiday.

There are plenty of reasons to invest in the Fraser Coast; in the year end March 2018, more then 700000 tourist flocked to the region, which is a new record. (Tourism Research Australia). Hervey Bay is the gateway to Fraser Island, and the best place from which to observe the annual Humpback whale migration season.

Hervey Bay is also the home of several large State based sporting events and this complex provides accommodation for a large corporate clientele too. This complex is the first choice for accommodation by many high profile visitors to the region.

There are currently 27 units in the rental pool, combined with a generous BC salary that increases by 3% each year or more if inflation is higher.

Property Summary

Business Snapshot

Price: $2,050,000 Net Profit: $356,000 Remuneration / Body Corp Salary: $62,454

Managers Unit

Value of Managers Apartment: $475,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: n/aTotal Units in Complex: 36Total Units in Letting Pool: 26Holiday Units: 26Agreement Term: 25 yearsAgreement Term Remaining: 12 plus 5 yr top-up Sept years

Marketing Agent

  • Ronnie Slebos

  • 0414 964 333
  • 0414 964 333
  • send email

Marketing Agency

RAAS Group

RAAS Group

RAAS Group

Ronnie Slebos
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Scarness, Queensland 4655 Exact map location not provided

Similar Properties

QUEENSLAND
Coastal Retirement Village

Price $1,950,000 - Ref AMS100
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

QTHB
2204MF - Seafront Location with Great Returns and Lifestyle - Freehold Motel
New
Exclusive

SCARNESS
2204MF - Seafront Location with Great...

Freehold $1,990,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers

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

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