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


Marketing Agency

RAAS Group

Ronnie Slebos
RAAS Group

Phone

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Map Location ( get directions )

Scarness, Queensland 4655 Exact map location not provided

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